World Bank prices through euro curve with 10 year return

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The World Bank sold its first 10 year euro benchmark since 2009 on Tuesday, with the supranational going slightly through its own curve on its return, according to onlooking SSA bankers.

By Burhan Khadbai
14 May 2019

Leads Barclays, JP Morgan, Natixis and TD Securities priced a €1.5bn May 2029 sustainable bond for the World Bank with a spread of mid-swaps minus 15bp, 1bp tighter than guidance.

The final book closed at €1.9bn, excluding lead manager interest.

SSA bankers said ...

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