New Issue: International Finance sells $2 billion 0.375% notes due 2025 at mid-swaps plus 10 bps

By Cristal Cody

Tupelo, Miss., July 9 – International Finance Corp. (Aaa/AAA) priced a $2 billion offering of 0.375% five-year global notes on Thursday at mid-swaps plus 10 basis points, or a Treasuries plus 13 bps spread, according to a market source.

Initial price talk was in the mid-swaps plus 14 bps area.

BofA Securities, Inc., J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities LLC were the bookrunners.

Washington, D.C.-based International Finance is a member of the World Bank Group.

Issuer:	International Finance Corp.
Amount:	$2 billion
Description:	Global notes
Maturity:	July 16, 2025
Bookrunners:	BofA Securities, Inc., J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities
Coupon:	0.375%
Spread:	Mid-swaps plus 10 bps, or Treasuries plus 13 bps
Trade date:	July 9
Ratings:	Moody’s: Aaa
	S&P: AAA
Price guidance:	Mid-swaps plus 14 bps area

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