LONDON -- The World Bank is expected to launch a global bond transaction for about $1.5 billion this month, marking the bank's first global transaction in a year. Lehman Brothers and UBS will jointly lead-manage the issue.

The World Bank is not expected to decide the actual size or maturity of the issue until closer to the launch date. The new transaction will be the bank's 10th global dollar offering and its 15th global bond issue.

The Word Bank has done four global transactions in yen and one in deutsche marks.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.