The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a new 5-year Sterling Overnight Index Average (SONIA) linked bond adding a second liquid point on its SONIA curve. The GBP 1.25 billion floating rate transaction is World Bank’s second SONIA-linked bond with total raised matching its previous issuance of a SONIA-linked bond in September 2018. Both World Bank SONIA-linked floaters are the largest issued in the market to date. The successful outcome of the transaction and the number of accounts participating demonstrate once again the solid demand for SONIA-linked assets. ... (full story)