New Issue: World Bank prices $1.25 billion two-year floating-rate global notes at Libor flat

By Aleesia Forni

Virginia Beach, Sept. 23 – International Bank for Reconstruction and Development (World Bank) priced a $1.25 billion offering of two-year floating-rate global notes at par to yield Libor flat, according to a company news release.

Pricing was in line with talk.

Bookrunners for the issue (Aaa/AAA/AAA) are BMO Capital, Credit Suisse and Goldman Sachs & Co.

The issuer is based in Washington, D.C.

Issuer:	International Bank for Reconstruction and Development
Amount:	$1.25 billion
Description:	Floating-rate global notes
Maturity:	Sept. 30, 2017
Bookrunners:	BMO Capital, Credit Suisse, Goldman Sachs & Co.
Coupon:	Libor flat
Price:	Par
Yield:	Libor flat
Trade date:	Sept. 23
Settlement date:	Sept. 30
Ratings:	Moody’s: Aaa
	Standard & Poor’s: AAA
	Fitch: AAA
Price guidance:	Libor flat area

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