IFC brushes off vol with impressive social bond

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By Burhan Khadbai
11 Mar 2020

International Finance Corporation defied volatility to achieve an impressive result in the dollar public sector bond market on Wednesday as it managed to bring in the spread by 4bp to price through the European Investment Bank.

Leads Bank of America, Barclays, Crédit Agricole and DZ Bank priced a $1bn no-grow March 2023 social bond for IFC at a spread of 13bp over mid-swaps. The books were last heard at over $3.4bn

“It’s an attractive spread to both asset swaps and ...

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