New Issue: World Bank prices $2.25 billion 1.375% four-year notes at mid-swaps minus 1 bp

By Aleesia Forni

Virginia Beach, April 4 - International Bank for Reconstruction and Development (World Bank) sold $2.25 billion of 1.375% four-year notes (Aaa/AAA/) with a spread of mid-swaps minus 1 basis point, or Treasuries plus 56.5 bps, according to a market source and a company news release.

Pricing was at 99.621 to yield 1.473%.

Citigroup Global Markets Inc., Goldman Sachs & Co. and Deutsche Bank Securities Inc. were the joint bookrunners.

The issuer is based in Washington, D.C.

Issuer:	International Bank for Reconstruction and Development (World Bank)
Amount:	$2.25 billion
Description:	Global bond
Maturity:	April 10, 2018
Bookrunners:	Citigroup Global Markets Inc., Goldman Sachs & Co., Deutsche Bank Securities Inc.
Coupon:	1.375%
Price:	99.621
Yield:	1.473%
Spread:	Mid-swaps minus 1 bp, Treasuries plus 56.5 bps
Trade date:	April 3
Settlement date:	April 10
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.