World Bank smashes expectations with dual tranche Sofr

By Lewis McLellan
07 Jan 2021

World Bank hit the market on Thursday with a pair of Sofr floating rate bonds, getting impressive demand and pulling off the largest SSA deal to reference the benchmark.

The issuer opened a new two year line and reopened its seven year $700m line opened in August. BMO Capital Markets, RBC Capital Markets and Wells Fargo Securities ran the books, gathering a combined $3.65bn of orders.

The leads offered initial price thoughts in the ...

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