By Andrea Heisinger
New York, April 14 - International Finance Corp. priced $3 billion of 3% five-year notes Tuesday to yield Treasuries plus 137.75 basis points, a market source said.
The notes (Aaa/AAA/AAA) priced at 99.923 to yield 3.082%.
Full terms were not available from the bookrunners at press time.
The notes priced wider than the price talk, which had the yield coming with a spread in the 78 bps area over Treasuries, a source away from the deal said.
Bookrunners were BNP Paribas Securities Corp., HSBC Securities and J.P. Morgan Securities Inc.
The unit of World Bank Group, and provider of private sector investments in developing countries, is based in Washington, D.C.
| Issuer: | International Finance Corp.
|
| Issue: | Notes
|
| Amount: | $3 billion
|
| Maturity: | 2014
|
| Bookrunners: | BNP Paribas Securities Corp., HSBC Securities, J.P. Morgan Securities Inc.
|
| Coupon: | 3%
|
| Price: | 99.923
|
| Yield: | 3.082%
|
| Spread: | Treasuries plus 137.75 bps
|
| Trade date: | April 14
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Price talk: | 78 bps area
|
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