IDA readies sterling debut
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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