IDA impresses with 10 year debut

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By Lewis McLellan
24 Nov 2020

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 ...

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