IBRD markets two tranches of benchmark global sustainability notes

By Cristal Cody

Chicago, Sept. 14 – The International Bank for Reconstruction and Development, the lending arm of the World Bank Group, is marketing two tranches of benchmark global sustainability notes as Wednesday business, according to a market source.

The deal will include floating-rate notes due Sept. 23, 2026, talked in the SOFR plus 32 basis points area.

A fixed-rate tranche due Sept. 21, 2029 is being talked in the 46 bps area over SOFR mid-swaps.

BMO Capital Markets Corp., Barclays, J.P. Morgan Securities LLC and RBC Capital Markets LLC are working as bookrunners.

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

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