By Andrea Heisinger
New York, Aug. 16 - The International Bank for Reconstruction and Development sold $3.25 billion of 1% five-year global notes on Tuesday at a spread of 22.75 basis points over Treasuries, a source away from the sale said.
The notes (Aaa/AAA/) were priced at 99.084 to yield 1.187%. They are non-callable.
Bookrunners were Barclays Capital Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC.
The member of the World Bank provides loans to developing countries and is based in Washington, D.C.
| Issuer: | International Bank for Reconstruction and Development
|
| Issue: | Global notes
|
| Amount: | $3.25 billion
|
| Maturity: | Sept. 15, 2016
|
| Bookrunners: | Barclays Capital Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC
|
| Coupon: | 1%
|
| Price: | 99.084
|
| Yield: | 1.187%
|
| Spread: | Treasuries plus 22.75 bps
|
| Call: | Non-callable
|
| Trade date: | Aug. 16
|
| Settlement date: | Aug. 24
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
