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IBRD talks dollar global notes due 2025 at mid-swaps plus 9 bps area
By Cristal Cody
Tupelo, Miss., Jan. 8 – International Bank for Reconstruction and Development, or World Bank, plans to price a dollar-denominated offering of global notes due Jan. 15, 2025 (Aaa/AAA/AAA) on Wednesday, according to a market source.
The notes are initially talked to price with a spread in the mid-swaps plus 9 basis points area.
BMO Capital Markets Corp., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and TD Securities (USA) LLC are the bookrunners.
The global development financing cooperative is based in Washington, D.C.
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