IDA impresses with 10 year debut

The International Development Association sold its first ever 10 year dollar benchmark on Tuesday, raising an impressive $2bn, sharing the market with a couple of shorter deals from European borrowers.
IDA selected Bank of America, Barclays, HSBC and RBC Capital Markets to run the books. The leads took indications of interest at mid-swaps plus 20bp area on Monday.
On Tuesday, the book reached $2.5bn, excluding interest from joint lead managers, and the leads set ...Already a subscriber? Login