By Mary-Katherine Stinson
Lexington, Ky., Aug. 22 – International Finance Corp. priced $100 million in additional floating-rate notes due March 16, 2026 (Aaa/AAA), according to a final term sheet filed with the Securities and Exchange Commission.
The floaters priced at 100.17 plus $1,010,509.48 representing 67 days’ accrued interest.
The interest will be based on SOFR plus 28 basis points.
The notes are non-callable.
Citigroup Global Markets Ltd. and HSBC Bank plc are the bookrunners.
This is the third tranche of the registered notes, which will be consolidated and form a single series with the $600 million of notes issued on Jan. 31, 2023 and the $150 million issued on Feb. 17, 2023.
Washington, D.C.-based International Finance is a member of the World Bank Group.
| Issuer: | International Finance Corp.
|
| Amount: | $100 million
|
| Issue: | Floating-rate notes, series 2557, tranche 3
|
| Maturity: | March 16, 2026
|
| Bookrunners: | Citigroup Global Markets Ltd. and HSBC Bank plc
|
| Coupon: | SOFR plus 28 bps
|
| Price: | 100.17 plus $1,010,509.48 representing 67 days’ accrued interest
|
| Call features: | Non-callable
|
| Pricing date: | Aug. 18
|
| Settlement date: | Aug. 22
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Distribution: | Registered notes
|
| Cusip: | 45950KDB3
|
| Total issue: | $850 million, including $600 million issued on Jan. 31, 2023 and $150 million issued on Feb. 17, 2023
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
