World Bank goes long on a 40 year MTN

Fotolia 40 yards 23x150
By Sharon Kits Kimathi
23 Mar 2017

World Bank sold a €90m zero coupon 40 year bullet MTN towards the end of last week — its longest ever non-callable deal.

Citi placed the bond last Thursday (March 16) after a reverse inquiry, said Huy-Long Le, senior financial officer at World Bank. 

“European investors were looking for long duration and wanted to diversify their portfolio,” said a banker at ...

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