18%
Lead Manager Quotes
“On this transaction, the World Bank demonstrated once again its strong sponsorship from the global investor base, particularly central banks and official institutions. In a difficult market backdrop, they succeeded in securing over 60% of support from this investor segment. This US dollar benchmark rounds off an incredible series of seven-dollar financings for a total of US dollar 40 billion from the funding team over the fiscal year,” said Adrien de Naurois, Managing Director & Head of EMEA Investment Grade Syndicate, BofA Securities.
“We are delighted to be involved in one of the World Bank’s final US dollar benchmark outing for their 2020/21 fiscal year and first 5-year benchmark since October 2020. With this transaction, the World Bank has achieved their tightest pricing spread vs. mid-swaps since 2018 and one of the lowest Treasury spreads in the sector year-to-date. This transaction comes near the end of the World Bank funding year in the pub
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14 Existence, maximum size and conditions of use of over ‑ allotment facility: The Stabilisation Manager(s) may over-allot the securities in an amount not exceeding 5% of the aggregate nominal amount stated above. Stabilisation trading venue:
In connection with the offer of the above securities, the Stabilising Manager(s), or persons acting on behalf of the Stabilising Manager(s) may over-allot the securities, provided that the aggregate principal amount of the securities allotted does not exceed 105 percent of the aggregate principal amount of the securities, or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time, but it must end no later than the earlier of 30 days after the issue date of the
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The international vertically integrated pipe and wheel company Interpipe announced the successful completion of the placement of new Eurobonds in the amount of $300 million, maturing in 2026.
According to the company’s press release posted on May 13, the listing of these Eurobonds will take place on the Luxembourg Stock Exchange starting May 13, 2021.
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Interpipe announces successful $300 mln eurobonds placement 2 min read
The international vertically integrated pipe and wheel company Interpipe announced the successful completion of the placement of new Eurobonds in the amount of $300 million, maturing in 2026.
According to the company s press release posted on Thursday, the listing of these Eurobonds will take place on the Luxembourg Stock Exchange starting May 13, 2021.
The coupon rate for the Eurobonds was 8.375% per annum. Applications came from about 50 investors, including an international financial institution. The investor base of the new issue consists mainly of asset management companies, which account for 53% of the total number of applications for placement.