No fireworks on World Bank’s return to 10 year dollars
The World Bank seemed to find the point of investor exhaustion with its 10 year dollar deal on Wednesday following a recent spate of successful similar deals from other borrowers.
As GlobalCapital went to press, the borrower was due to price a $2bn October 2029 global dollar benchmark with a spread of mid-swaps pus 20bp, unchanged from initial price thoughts. Bank of America, Citi, JP Morgan and RBC Capital Markets were the leads.The ...
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