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

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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