World Bank fails to impress with 30 year euro benchmark

World Bank 230
By Burhan Khadbai
02 Oct 2019

There were no fireworks as the World Bank issued its longest ever euro benchmark on Wednesday, with the last book update showing a lower volume of orders than the deal size.

World Bank issued a €500m January 2050 global bond with a spread of mid-swaps plus 7bp and a yield of 0.318%. BNP Paribas, Deutsche Bank and Goldman Sachs were the joint bookrunners.

The last book update was over €425m, excluding lead manager interest. The leads ...

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