IBRD talks offering of 10-year sustainable development bonds at mid-swaps plus 14 bps area

By Devika Patel and Cristal Cody

Knoxville, Tenn., Feb. 2 – The International Bank for Reconstruction and Development, or World Bank, plans to price 10-year sustainable development bonds on Tuesday, according to a market source.

The notes are talked in the mid-swaps plus 14 basis points area.

BofA Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBC Capital Markets LLC are the bookrunners.

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

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