IDA pays up versus World Bank for euro debut

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By Burhan Khadbai
09 Oct 2019

The International Development Association (IDA) priced its debut euro benchmark around 5bp wider than its sister issuer, the World Bank, according to the leads.

Following initial price thoughts of mid-swaps minus 5bp area on Tuesday, leads Crédit Agricole, DZ Bank, JP Morgan and Natixis opened books for the seven year on Wednesday morning with guidance at the same level and over €550m of indications of interest.

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