Issuer: World Bank
Amount: $30 billion
Launched: April 15 1994
The World Bank seems intent on living up to its title. Gone are the days when the name was synonymous with monolithic global bonds, conservatively structured in mainstream currencies. The bank’s borrowing is now global in the true sense of the word. Sixteen different currencies have already been issued off its global multicurrency note programme this year.
As Andrew Dell, assistant director of emerging market syndicate and head of MTNs at ING Barings observes: “Over the last 18 months there has been a huge shift in the bank’s funding policy.
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