By Cristal Cody
Tupelo, Miss., Dec. 6 – The International Bank for Reconstruction and Development, known as the World Bank, priced an upsized $1 billion of four-year global notes (Aaa/AAA/AAA) on Wednesday at a spread of 27.8 basis points over Treasuries, according to a market source.
The offering was upsized from $500 million.
Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and HSBC Securities (USA) Inc. were the bookrunners.
The global development financing cooperative is based in Washington, D.C.
| Issuer: | International Bank for Reconstruction and Development
|
| Amount: | $1 billion, upsized from $500 million
|
| Description: | Global notes
|
| Maturity: | Dec. 13, 2021
|
| Bookrunners: | Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and HSBC Securities (USA) Inc.
|
| Coupon: | 2.125%
|
| Spread: | Treasuries plus 27.8 bps
|
| Trade date: | Dec. 6
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Fitch: AAA
|
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