World Bank to extend euro benchmark curve to 40 years in euro long end fever

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By Burhan Khadbai
12 Jan 2021

World Bank hired banks on Tuesday to lead a new 40 year euro sustainable development bond — the supranational’ s longest ever benchmark in the currency. The deal will be the latest example of public sector borrowers venturing longer in the euro market this year.

Bank of America, Goldman Sachs, HSBC and Natixis will lead the transaction, which is expected to be priced on Wednesday.

World Bank has previously only issued benchmark euro bonds up to 30 years; first in 2019 and again in 2020.

The Washington ...

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