By William Gullotti
Buffalo, N.Y., April 23 – International Finance Corp. priced a $150 million tap of its 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 100.2885 plus $841,673.34 representing 36 days’ accrued interest.
The interest will be based on SOFR plus 28 basis points.
The notes are non-callable.
Toronto-Dominion Bank is the dealer for the latest tap offering.
This is the fourth 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, the $150 million issued on Feb. 17, 2023 and the $100 million issued on Aug. 22, 2023.
Washington, D.C.-based International Finance is a member of the World Bank Group.
| Issuer: | International Finance Corp.
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| Amount: | $150 million add-on
|
| Issue: | Floating-rate notes, series 2557, tranche 3
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| Maturity: | March 16, 2026
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| Dealer: | Toronto-Dominion Bank
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| Coupon: | SOFR plus 28 bps
|
| Price: | 100.2885 plus $841,673.34 representing 36 days’ accrued interest
|
| Call features: | Non-callable
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| Pricing date: | April 19
|
| Settlement date: | April 23
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| Ratings: | Moody’s: Aaa
|
| S&P: AAA
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| Distribution: | Registered notes
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| Cusip: | 45950KDB3
|
| Total issue: | $1 billion, including $600 million issued on Jan. 31, 2023, $150 million issued on Feb. 17, 2023 and $100 million issued on Aug. 22, 2023
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