By Aleesia Forni
Virginia Beach, Feb. 12 - International Bank for Reconstruction and Development (World Bank) priced $5 billion of 0.5% two-year notes (Aaa/AAA/) on Wednesday at mid-swaps minus 1 basis point, a market source said.
Pricing was at 99.951 to yield 0.52%.
The notes sold on top of talk.
BofA Merrill Lynch, Credit Suisse Securities, HSBC Securities and TD Securities were the bookrunners.
The issuer is based in Washington, D.C.
Issuer: | International Bank for Reconstruction and Development (World Bank)
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Amount: | $5 billion
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Description: | Notes
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Maturity: | May 15, 2016
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Bookrunners: | BofA Merrill Lynch, Credit Suisse Securities, HSBC Securities, TD Securities
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Coupon: | 0.5%
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Price: | 99.951
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Yield: | 0.52%
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Spread: | Mid-swaps minus 1 bp
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Trade date: | Feb. 12
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Settlement date: | Feb. 20
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Ratings: | Moody's: Aaa
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| Standard & Poor's: AAA
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Price talk: | Mid-swaps minus 1 bp
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