World Bank talks $3 billion of floating-rate notes due 2026, 2029

By Rebecca Melvin and Cristal Cody

Concord, N.H., Jan. 12 – The International Bank for Reconstruction and Development, or World Bank, plans to price two series of floating-rate global sustainable development notes due in 2026 and 2029, according to a market source on Wednesday.

The $1 billion of floating-rate notes due June 15, 2026 were being talked with a yield in the SOFR plus 19 basis points area.

The $2 billion of floating-rate notes due Jan. 24, 2029 were talked to yield in the SOFR plus 30 bps area.

BMO Capital Markets Corp., Scotia Capital (USA) Inc. and Wells Fargo Securities LLC are the bookrunners of the deal.

The global development financing cooperative is based in Washington, D.C.

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