By Devika Patel
Knoxville, Tenn., May 24 – The International Bank for Reconstruction and Development, or World Bank, priced $8 billion of notes in two tranches due April 2023 and April 2028, according to a market announcement. The offering was announced on April 13, although the 2028 notes originally had a maturity date of 2027.
The bank priced $3 billion of 2023 notes at 99.793 and $5 billion of 2028 notes at 99.987.
Toronto-Dominion Bank, Barclays, BMO Capital Markets Corp. and Wells Fargo Securities LLC are bookrunners of the notes, which will be listed on the London Stock Exchange’s regulated market.
The global development financing cooperative is based in Washington, D.C.
| Issuer: | International Bank for Reconstruction and Development
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| Amount: | $8 billion
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| Issue: | Notes
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| Bookrunners: | Toronto-Dominion Bank, Barclays, BMO Capital Markets Corp. and Wells Fargo Securities LLC
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| Announcement date: | May 24
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| Notes due 2023
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| Amount: | $3 billion
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| Maturity: | April 2023
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| Price: | 99.793
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|
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| Notes due 2028
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| Amount: | $5 billion
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| Maturity: | April 2028
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| Price: | 99.987
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