World Bank joins seven year sterling party

By Burhan Khadbai
27 Jan 2020

World Bank appointed banks for a December 2026 sterling bond on Monday. The issuer will be the third public sector borrower in the last week to access this part of the sterling curve in order to achieve a more attractive funding cost versus euros and dollars.

HSBC, NatWest Markets and RBC Capital Markets are taking indications of interest with initial price thoughts of 40bp area over the July 2026 Gilt, ahead of an expected launch on Tuesday.

Last week, the European Investment Bank and the Council of Europe Development Bank sold ...

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