IDA wins blow-out for euro debut, eyes $10bn-$15bn programme
The International Development Association made a huge splash this week with its first euro benchmark. The supranational is aiming to carve out a large and diversified funding programme consisting of various currencies and private placements.
On Wednesday, IDA raised €1.25bn with a seven year euro benchmark at a spread of mid-swaps minus 6bp, led by Crédit Agricole, DZ Bank, JP Morgan and Natixis. The final book closed with more than €1.8bn of orders.The deal also came with ...
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