EIB goes jumbo in dollars, IDA on the way

By Lewis McLellan
02 Jun 2020

The European Investment Bank raised $5bn with a three year global benchmark on Tuesday, setting the stage for fellow SSA borrowers to tap the dollar market later in the week.

The International Development Association has selected Bank of America, Deutsche Bank, HSBC and RBC Capital Markets for a dollar Reg S seven year.

The leads have set initial price thoughts at 28bp area over mid-swaps.

A seven year is an unusual choice of tenor ...

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