World Bank
-
Supranational remains ahead of the curve in completing its 2024-2025 funding task -
◆ Record books from top tier issuers ◆ Investors attracted by different tenors ◆ Heavy competition in five years expected next day
-
In euros, KfW and Belgium will test new year clearing levels
-
◆ Issuer's second largest dollar deal ever ◆ Tight spread to US Treasuries ◆ 'Challenging' geopolitical backdrop
-
Innovations since 2023 have added $150bn to 10 year lending capacity, but full reform of MDB capital adequacy remains in future
-
◆ World Bank returns to five year dollars ◆ Rare IDA 10 year on offer in euros ◆ Supra open for business until year-end
-
◆ Issue takes large size from single tranche ◆ Tight US Treasury spread is expected ◆ How much tighter can issuers go?
-
Development bank takes advantage of basis swap for public conventional Swiss bond
-
Fast money goes missing as issuers try to sell at tight spreads
-
Dual tranche dollar deal breaks record despite tight US Treasury spread while cross-currency basis assists 'big win' in euros
-
◆ Blowout books ◆ World Bank goes for dual trancher and dual currencies on same day ◆ EIB success formula discussed
-
◆ Issuers serve up five, seven and 10 year deals ◆ Finland takes record size in a decade ◆ World Bank access euro and dollar on same day
