(C) Reuters. FILE PHOTO: World Bank President David Malpass attends the “1+6” Roundtable meeting at the Diaoyutai state guesthouse in Beijing
WASHINGTON (Reuters) – World Bank President David Malpass on Thursday said the bank’s main lending arm for middle-income countries has received nearly $9.8 billion in capital from the United States and sold $8 billion worth of 5-year global benchmark bonds.
Malpass said the bond issue by the International Bank for Reconstruction and Development, yielding 0.7%, was the largest-ever U.S. dollar denominated bond issued by a supranational entity, with an order book that reached $12.5 billion from 190 investors.
World Bank’s Malpass says IBRD got capital infusion from U.S., bond issue
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