Strong Investor Demand for World Bank GBP Benchmark Bond
United States, March 27 -- The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a SONIA-linked bond maturing in September 2031. The British pound sterling (GBP) 1 billion floating rate note (FRN) is World Bank's first SONIA-linked bond since May 2019. The Sustainable Development Bond raised GBP 1 billion from investors globally to support the financing of the World Bank's sustainable development activities in member countries. The strong investor participation in this transaction underscores the solid demand for SONIA-linked assets, pricing at SONIA + 36 basis points. The high-quality order book reached over 50 investors. Barclays Bank, Bank of Montreal Capital Markets, NatWest and RBC are joint...
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