By Andrea Heisinger
New York, Nov. 21 - The International Bank for Reconstruction and Development reopened its issue of 0.5% global notes due 2013 on Monday to add $2.25 billion, an informed source said.
The notes (Aaa/AAA/) were priced at 99.988 to yield 0.506% with a spread of Treasuries plus 24 basis points.
The notes are non-callable.
Total issuance is $6.25 billion, including $4 billion priced on Oct. 19 at 24 bps over Treasuries.
BNP Paribas Securities Corp., Citigroup Global Markets Inc., Daiwa Securities and RBC Capital Markets LLC were the bookrunners.
The arm of the World Bank that provides loans to developing countries is based in Washington, D.C.
| Issuer: | International Bank for Reconstruction and Development
|
| Issue: | Global notes
|
| Amount: | $2.25 billion, reopened
|
| Maturity: | Nov. 26, 2013
|
| Bookrunners: | BNP Paribas Securities Corp., Citigroup Global Markets Inc., Daiwa Securities, RBC Capital Markets LLC
|
| Coupon: | 0.5%
|
| Price: | 99.988
|
| Yield: | 0.506%
|
| Spread: | Treasuries plus 24 bps
|
| Call: | Non-callable
|
| Trade date: | Nov. 21
|
| Settlement date: | Nov. 30
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Total issuance: | $6.25 billion, including $4 billion sold Oct. 19 at 24 bps spread
|
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