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