IBRD to repurchase all $25 million 1.98% notes, $10 million 2% notes, both due 2022

By Rebecca Melvin

New York, March 13 – International Bank for Reconstruction and Development, or World Bank, will repurchase early the $25 million outstanding of its 1.98% callable notes and $10 million outstanding of its 2% notes, according to two notices.

Both series of notes are due Sept. 29, 2022 but will be repurchased on March 29 at par.

Citibank NA, London is working as principal paying agent for the early redemptions.

IBRD offers loans to developing countries and is based in Washington, D.C.

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