IBRD to redeem $31.3 million of fixed-to-floating notes at par

By Sarah Lizee

Olympia, Wash., Aug. 6 – International Bank for Reconstruction and Development, or World Bank, plans to redeem $22,496,000 of its $667,816,000 fixed-to-floating rate notes with minimum and maximum interest rate notes due May 31, 2026 and $8,806,000 of its $397,314,000 fixed-to-floating-rate notes with minimum and maximum interest rate notes due Aug. 11, 2026.

The notes will be redeemed at par on Aug. 7, according to a notice.

IBRD offers loans to developing countries and is based in Washington, D.C.

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