Hot demand for SSA callables as World Bank turns green

By Jonathan Breen
21 Aug 2014

World Bank sold a callable green bond to US retail investors this week as part of an effort to increase its presence in the US market. The structured print comes at a time of strong demand for callable notes from supranational and agency issuers, according to MTN dealers.

The supranational is not the only name to have printed in callable format this week. Investors, faced with a lack of benchmark supply and a desire for higher yield, have been lapping up callable deals this month.

“SSA names are popular for short-dated callables,” said an MTN ...

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