IDA readies sterling debut

newpound
By Burhan Khadbai
15 Jan 2020

The International Development Association has hired banks to lead its first sterling bond as it looks to make another step in its quest to develop a diversified funding programme.

Barclays, Citi, NatWest Markets and TD Securities began taking indications of interest on Wedneday with initial price thoughts of 39bp area over the 2.75% September 2024 Gilt for a December 2024 sterling benchmark. The deal is expected to be priced on Thursday.

It will ...

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