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 510400m ($more than £) 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.
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.