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World Bank Raises USD 4 billion in a Landmark 10-Year Global Bond
The World Bank (IBRD, Aaa/AAA) priced a record setting 10-year transaction today, raising USD 4 billion in a single tranche. This is the World Bank’s largest 10-year benchmark ever, and its longest dated debt offering since February 2013. The transaction was significantly oversubscribed, with an order book of more than $5 billion from over 100 high quality orders from all around the world. This is the World Bank’s third USD benchmark offering of its 2015 fiscal year, following successful 2- and 5-year transactions in July and September. The joint-lead managers for this global bond are BNP Paribas, J.P. Morgan, Morgan Stanley and RBC Capital Markets.