By Aleesia Forni
New York, March 10 – International Bank for Reconstruction and Development (World Bank) sold $500 million of floating-rate notes due Dec. 16, 2017 at par to yield Libor plus 14 basis points on Wednesday, according to a market source and a company news release.
The notes (Aaa/AAA) were sold in line with talk.
Bookrunners were Deutsche Bank and HSBC.
World Bank is based in Washington, D.C.
| Issuer: | International Bank for Reconstruction & Development (World Bank)
|
| Amount: | $500 million
|
| Description: | Notes
|
| Maturity: | Dec. 16, 2017
|
| Bookrunners: | Deutsche Bank, HSBC
|
| Coupon: | Libor plus 14 bps
|
| Price: | Par
|
| Yield: | Libor plus 14 bps
|
| Trade date: | March 9
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Price guidance: | Libor plus 14 bps area
|
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