BondMarker: World Bank’s euro return scored

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BondMarker: World Bank’s euro return scored

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World Bank scored an average of 7.27 with its first euro benchmark in almost two years, with voters particularly praising the deal in the structure/maturity category.

The €750m August 2034 global, priced on August 1 by Crédit Agricole, Deutsche Bank and Natixis, drew an average 8.00 rating for structure/maturity, its best score in the five BondMarker categories: timing, structure/maturity, pricing, quality of investor distribution and performance.

With the 2034 maturity, the supranational obviously had one eye on duration — something many borrowers have turned to euros for this year.

World Bank’s trade was the only benchmark in the week commencing July 30.

180813 ssa bondmarker

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