World Bank seizes ‘perfect’ timing for $6bn jumbo deal

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By Burhan Khadbai
22 Oct 2020

The World Bank sold its second supersized bond of 2020 as it capitalised on a calm market and a lack of competing supply in dollars this week, as well as leaning on the strength of its name, which continues to attract new investors looking to make an impact investment.

World Bank hit screens on Tuesday with initial price thoughts of 11bp area over mid-swaps for a new October 2025 global sustainable development bond dollar benchmark.

BarclaysDeutsche BankMorgan Stanley and RBC Capital Markets were appointed to run the books, receiving over $4.6bn in indications of interest, excluding ...

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