The World Bank Prices 10-Year Benchmark Bond with Record Investor Demand and Largest-Ever Orderbook
United States, May 13 -- The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a USD 6 billion benchmark bond that matures in May 2036. The World Bank's US dollar bond drew a record number and volume of orders from investors worldwide, the highest of any of its offerings.With more than 255 investor orders, the transaction attracted over USD 24 billion in high-quality investor orders, primarily driven by bank treasuries, central banks/official institutions, and asset managers.The lead managers are BMO Capital Markets, BNP Paribas, HSBC and Wells Fargo. The bond pays a semi-annual coupon of 4.50% and will be listed on the Luxembourg Stock Exchange. Investor Breakdown by TypeCentral Banks/Official I...
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