World Bank bags records in sterling with ‘best of both worlds’ maturity

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By Burhan Khadbai
28 Jan 2020

World Bank broke its size and order book record in the sterling bond market on Tuesday with a maturity that has become the new sweet spot in the currency for SSA borrowers.

Leads HSBC, NatWest Markets and RBC Capital Markets priced a £1.5bn December 2026 bond for World Bank at a spread of 39bp over the July 2026 Gilt. The final book closed at over £2.1bn, including £150m of lead manager interest.

World Bank is the third ...

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