World Bank
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Exchange out of old deals offered to to increase awareness as Libor deadlines loom
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Supranational issuer sells back-to-back benchmarks to raise $7.2bn-equivalent
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Wider spreads against swaps have allowed issuers to pay skinny concession to print large sizes
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Québec is back in the dollar market after a two year hiatus as World Bank brings second deal of week
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IADB, KfW and the World Bank raised more than $10bn between them
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Deals planned for across the maturity curve
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- Upheaval in the CEE bond market - Covid aftershocks in the US CMBS market - What Banga means for the World Bank and SSA bonds
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The issuer served up an untapped maturity in 2023 - seven years
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French region was among two smaller SSA issuers in euros while a Washington-based supranational tapped Nordic markets
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Swap dynamics tempt IBRD to pick up €3bn after 'fantastic start' to year
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French and Nordic agencies pile in to take advantage of conducive euro window
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Issuer aims to diversify as peers bring hefty supply in euros and dollars