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World Bank bond unveiled

The World Bank is unveiling the first international bond to be marketed, sold and traded via the internet.


The bond is targeting both retail and institutional investors and is principally underwritten by Goldman Sachs and Lehman Brothers with internet brokerages Charles Schwab and Fidelity Brokerage Service.


The partnerships will give the bond access to 8m retail accounts and reflects the first time the internet brokerages will have participated in a bond deal as underwriters.


Goldman Sachs managing director for fixed-income Victor Simone says: “This is the first comprehensive online issue, because its fully integrated from front to back.”



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