World Bank offers 10-year fixed-rate notes at mid-swaps plus 21 bps

By Devika Patel

Knoxville, Tenn., Nov. 14 – The International Bank for Reconstruction and Development, known as the World Bank, (Aaa/AAA) offered further details about its planned sale of fixed-rate global benchmark notes due Nov. 22, 2027, according to a market source.

The books will close at 9:30 a.m. ET in excess of $2 billion.

Pricing will be at mid-swaps plus 21 basis points.

Barclays, BNP Paribas Securities Corp., Nomura and TD Securities (USA) LLC are the joint lead managers.

Settlement is expected on Nov. 22.

The global development financing cooperative is based in Washington, D.C.

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