THE World Bank said on Thursday that it plans to sell a $3-billion global bond offering over the internet, allowing individual investors to invest in the bank which provides loans to developing nations. Syndicate leaders Goldman Sachs & Company and Lehman Brothers will offer the bonds online while individuals can buy into the offering online through Fidelity Investments and Charles Schwab & Company. The World Bank’s offering is the first to be marketed, distributed and traded online. The bank said in a statement that investors will be able to input their orders online allowing orders to be aggregated through an electronic syndicate allocation system.
09