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

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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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