New Issue: World Bank prices $3.5 billion 0.75% five-year notes at mid-swaps plus 10 bps

By Cristal Cody

Tupelo, Miss., March 4 – The International Bank for Reconstruction and Development, or World Bank, priced $3.5 billion of 0.75% five-year sustainability bonds (Aaa/AAA/AAA) on Wednesday at mid-swaps plus 10 basis points, or a Treasuries plus 15.65 bps spread, according to a market source.

The global notes were initially talked to price at the mid-swaps plus 10 bps area.

J.P. Morgan Securities LLC, HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC and Nomura Securities International, plc were the bookrunners.

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

Issuer:	International Bank for Reconstruction and Development
Amount:	$3.5 billion
Description:	Global sustainability notes
Maturity:	March 11, 2025
Bookrunners:	J.P. Morgan Securities LLC, HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC and Nomura Securities International, plc
Coupon:	0.75%
Spread:	Mid-swaps plus 10 bps, or Treasuries plus 15.65 bps
Trade date:	March 4
Settlement date:	April 4
Ratings:	Moody’s: Aaa
	S&P: AAA
	Fitch: AAA
Price guidance:	Mid-swaps plus 10 bps area

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