By Marisa Wong and Cristal Cody
Los Angeles, July 7 – International Finance Corp. priced $2 billion of 4.5% five-year global notes on Thursday at 99.889 to yield 4.525%, according to a market source.
The notes were priced with a spread of 33 basis points over SOFR mid-swaps, or 12.7 bps over Treasuries.
Price talk was in the SOFR mid-swaps plus 35 bps area, as previously reported.
BofA Securities Inc., BMO Capital Markets Corp., J.P. Morgan Securities LLC and Nomura Securities International Inc. are the bookrunners.
Washington, D.C.-based International Finance is a member of the World Bank Group.
| Issuer: | International Finance Corp.
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| Amount: | $2 billion
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| Issue: | Global notes
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| Maturity: | July 13, 2028
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| Bookrunners: | BofA Securities Inc., BMO Capital Markets Corp., J.P. Morgan Securities LLC and Nomura Securities International Inc.
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| Coupon: | 4.5%
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| Price: | 99.889
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| Yield: | 4.525%
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| Spread: | SOFR mid-swaps plus 33 bps, or Treasuries plus 12.7 bps
|
| Trade date: | July 6
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| Initial price talk: | SOFR mid-swaps plus 35 bps area
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