By Aleesia Forni
Virginia Beach, June 3 - International Finance Corp. priced $1 billion of 1.25% notes due 2018 at a spread of mid-swaps minus 2 basis points on Tuesday, according to an informed source.
The deal priced at 99.519 to yield 1.371%.
BofA Merrill Lynch, BNP Paribas Securities Corp. and Goldman Sachs were the banks on the offering.
The World Bank member and lender to the private sector in developing countries is based in Washington, D.C.
| Issuer: | International Finance Corp.
|
| Amount: | $1 billion
|
| Maturity: | 2018
|
| Securities: | Notes
|
| Bookrunners: | BofA Merrill Lynch, BNP Paribas Securities Corp., Goldman Sachs
|
| Coupon: | 1.25%
|
| Price: | 99.519
|
| Yield: | 1.371%
|
| Spread: | Mid-swaps minus 2 bps
|
| Trade date: | June 3
|
| Settlement date: | June 10
|
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