Supranationals head out into non-core currencies

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By Mike Turner
17 Jul 2019

World Bank hit the Canadian dollar market on Wednesday to begin its 2019/20 benchmark funding programme. It followed the European Investment Bank and KfW which have also been active in non-core currencies this week.

The World Bank will print a five year benchmark-sized global format sustainable development bond bond later on Wednesday in line with initial price thoughts at mid-swaps plus 2bp.

Demand  for the paper reached north of C$1.4bn, including C$50m from the joint lead managers, by the time leads ...

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