World Bank scoops close to $10bn in bumper week

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By Lewis McLellan
19 Nov 2020

World Bank double-dipped this week, hitting the sterling market on Monday and the dollar market on Tuesday, focusing its efforts longer in the curve to increase the duration of its portfolio.

Bank of America, HSBC, JP Morgan and RBC Capital Markets ran the sterling bond — a £1bn long five year, priced to yield 26bp over the 1.5% Gilt due 2026.

“We’ve had an excellent run in sterling this year,” said Andrea Dore, head of ...

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