By Cristal Cody
Chicago, Jan. 19 – The International Bank for Reconstruction and Development, the lending arm of the World Bank Group, sold $1.75 billion of sustainability floaters due in 2027, according to a source.
The notes have interest at SOFR plus 37 basis points. Initial price talk was in the SOFR plus 37 bps area.
Wells Fargo Securities, BMO Capital Markets and Scotiabank were the joint lead managers.
Listing will be in Luxembourg.
The global development financing cooperative is based in Washington, D.C.
Issuer: | International Bank for Reconstruction and Development
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Amount: | $1.75 billion
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Issue: | Sustainability floating-rate notes
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Maturity: | Jan. 12, 2027
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Bookrunners: | Wells Fargo Securities, BMO Capital Markets and Scotiabank
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Coupon: | SOFR plus 37 bps
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Price: | Par
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Yield: | SOFR plus 37 bps
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Trade date: | Jan. 5
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Settlement date: | Jan. 12
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Price talk: | SOFR plus 37 bps area
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ISIN: | US459058KN26
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