By Aleesia Forni
New York, Jan. 21 – International Bank for Reconstruction and Development (World Bank) priced $4.5 billion of 1.25% 3.5-year global bonds (Aaa/AAA) on Thursday at mid-swaps plus 26 basis points, or Treasuries plus 34.7 bps, according to a market source and a company news release.
Pricing was at 99.517 to yield 1.392%.
The notes sold at the tight end of price guidance.
Bookrunners were Barclays, J.P. Morgan Securities LLC, Nomura and TD Securities.
World Bank is based in Washington, D.C.
| Issuer: | International Bank for Reconstruction and Development
|
| Amount: | $4.5 billion
|
| Description: | Global bonds
|
| Maturity: | July 26, 2019
|
| Bookrunners: | Barclays, J.P. Morgan Securities LLC, Nomura, TD Securities
|
| Coupon: | 1.25%
|
| Price: | 99.517
|
| Yield: | 1.392%
|
| Spread: | Mid-swaps plus 26 bps, or Treasuries plus 34.7 bps
|
| Trade date: | Jan. 21
|
| Settlement date: | Jan. 28
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Price guidance: | Mid-swaps plus 27 bps area
|
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