World Bank smashes 40 year euro debut amid red hot long end

By Burhan Khadbai
13 Jan 2021

World Bank extended its euro benchmark curve with flying colours on Wednesday, in a further sign of ample demand for duration amid a low yielding environment.

Leads Bank of America, Goldman Sachs, HSBC and Natixis priced a new €2bn January 2061 global sustainable development bond for World Bank at mid-swaps plus 23bp, 2bp inside of guidance, equating to a yield of 0.203%. The final book closed at over €3.6bn, including ...

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