New Issue: IBRD sells $4 billion 0.875% notes due 2030 at mid-swaps plus 35 bps

By Cristal Cody

Tupelo, Miss., May 7 – The International Bank for Reconstruction and Development, or World Bank, priced $4 billion of 0.875% 10-year global notes (Aaa/AAA/AAA) on Thursday at mid-swaps plus 35 basis points, or a spread of Treasuries plus 31.45 bps, according to a market source.

The notes were initially talked to price in the mid-swaps plus 36 bps area.

BofA Securities, Inc., J.P. Morgan Securities plc, Nomura Securities International, plc and RBC Capital Markets, LLC were the bookrunners.

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

Issuer:	International Bank for Reconstruction and Development
Amount:	$4 billion
Description:	Global notes
Maturity:	May 14, 2030
Bookrunners:	BofA Securities, Inc., J.P. Morgan Securities plc, Nomura Securities International, plc and RBC Capital Markets, LLC
Coupon:	0.875%
Spread:	Mid-swaps plus 35 bps, or Treasuries plus 31.45 bps
Trade date:	May 7
Settlement date:	June 7
Ratings:	Moody’s: Aaa
	S&P: AAA
	Fitch: AAA
Price guidance:	Mid-swaps plus 35 bps; initial talk at mid-swaps plus 36 bps area

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