By Aleesia Forni
Virginia Beach, June 18 – World Bank (International Bank for Reconstruction and Development) sold $4.25 billion in a two-part sale of two-year and seven-year notes (Aaa/AAA/) on Wednesday, an informed source said.
The sale included $2.25 billion of 0.625% two-year notes priced at 99.852 to yield mid-swaps minus 6 basis points.
There was also $2 billion of 2.25% notes due 2021 priced at 99.39 to yield 7 bps over mid-swaps.
The bookrunners were Barclays, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Nomura.
World Bank offers loans to developing countries and is based in Washington, D.C.
| Issuer: | International Bank for Reconstruction and Development
|
| Issue: | Notes
|
| Amount: | $4.25 billion
|
| Joint bookrunners: | Barclays, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Nomura
|
| Trade date: | June 18
|
| Settlement date: | June 25
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
|
|
| Two-year notes
|
| Amount: | $2.25 billion
|
| Maturity: | Oct. 14, 2016
|
| Coupon: | 0.625%
|
| Price: | 99.852
|
| Spread: | Mid-swaps minus 6 bps
|
|
|
| Seven-year notes
|
| Amount: | $2 billion
|
| Maturity: | June 24, 2021
|
| Coupon: | 2.25%
|
| Price: | 99.39
|
| Spread: | Mid-swaps plus 7 bps
|
|
|
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