New Issue: IBRD sells $1 billion 1.125% four-year global notes to yield mid-swaps minus 8 bps

By Andrea Heisinger

New York, July 9 - The World Bank's International Bank for Reconstruction and Development completed a $1 billion sale of 1.125% four-year global notes (Aaa/AAA/) on Tuesday to yield mid-swaps minus 8 basis points, or Treasuries plus 52.1 bps, an informed source said.

Pricing was at 99.723 to yield 1.196%.

Bookrunners were Barclays, Citigroup Global Markets Inc. and TD Securities (USA) LLC.

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

Issuer:	World Bank's International Bank for Reconstruction and Development
Issue:	Global notes
Amount:	$1 billion
Maturity:	July 18, 2017
Bookrunners:	Barclays, Citigroup Global Markets Inc., TD Securities (USA) LLC
Coupon:	1.125%
Price:	99.723
Yield:	1.196%
Spread:	Mid-swaps minus 8 bps, Treasuries plus 52.1 bps
Trade date:	July 9
Settlement date:	July 16
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA

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