The World Bank doubled the size of its December 2022 SONIA-linked note after winning strong demand from investors. The triple-A rated supranational received more than £ 400m ($510) of overnight demand in addition to lead manager interest, adding a second tranche to reach a total deal size of £1bn. In an interview with Reuters, IMF Managing Director Christine Lagarde said that she was “very pleased” by the response and would be looking for further funding as soon as possible.
The World Bank doubled the size of its December 2022 SONIA-linked note after winning strong demand from investors. The triple-A rated supranational received more than £400m ($510) of overnight demand in addition to lead manager interest, adding a second tranche to reach a total deal size of £1bn. The deal was priced at 22bp over SONIA in-line with IPTs.