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Recent deals showed that investor appetite for SSA credit remains
George Richardson and Randy Ewell on the issuer's first visit to the public benchmark market in 2026
Explicitly guaranteed Dutch utility company expected to trade tighter against govvie and agency peers
◆ World Bank's first benchmark public deal this year ◆ Sterling floater 'the right product' for issuer and investors ◆ Other borrowers eye windows in new quarter
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◆ Issuer sets level flat to supra peer ◆ No new issue concession ◆ CEB takes €1bn, book easily covers -
Deal was among MDB bonds warmly welcomed by investors this week
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Investor demand for longer paper allows both issuers to price tight
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Pragmatism to the fore for issuers trying to price benchmarks in turbulent markets
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◆ First new benchmark from the issuer in two months ◆ Record IOIs but pragmatism remains ◆ Investors welcome MDBs back in primary after recent Trump noise
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◆ Priced off recent peer issue ◆ New levels found after swap spread moves ◆ Deal twice subscribed
