World Bank erases memories of 2019 with strong 30 year euro return

By Burhan Khadbai
27 Oct 2020

World Bank took size with its second ever euro 30 year benchmark on Tuesday, achieving a far more impressive outcome than its debut deal in that part of the curve last year.

Leads Crédit AgricoleGoldman Sachs and Morgan Stanley opened the books on the World Bank’s January 2051 euro benchmark sustainable development bond with guidance of mid-swaps plus 25bp area.

As the books reached more than €3.8bn, the spread was set at plus 23bp. The deal was later launched in a ...

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