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Published on 7/23/2013 in the Prospect News Agency DailyProspect News Investment Grade Daily.

New Issue: International Finance sells $500 million three-year notes at one-month Libor plus 2 bps

By Andrea Heisinger

New York, July 23 - International Finance Corp. sold $500 million of three-year floating-rate notes (Aaa/AAA/AAA) on Tuesday at par to yield one-month Libor plus 2 basis points, a market source said.

Bookrunners were Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Nomura Securities International Inc.

The World Bank member and lender to the private sector in developing countries is based in Washington, D.C.

Issuer:International Finance Corp.
Issue:Floating-rate notes
Amount:$500 million
Maturity:Aug. 1, 2016
Bookrunners:Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Nomura Securities International Inc.
Coupon:One-month Libor plus 2 bps
Price:Par
Yield:One-month Libor plus 2 bps
Trade date:July 23
Settlement date:Aug. 1
Ratings:Moody's: Aaa
Standard & Poor's: AAA
Fitch: AAA

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