Published on 8/17/2015 in the Prospect News Agency DailyProspect News Investment Grade Daily.
New Issue: International Finance sells $500 million five-year notes at Libor plus 1 bp
By Aleesia Forni
Virginia Beach, Aug. 17 – International Finance Corp. priced a $500 million offering of floating-rate five-year bonds (Aaa/AAA) on Monday at par to yield Libor plus 1 basis point, a market source said.
BofA Merrill Lynch, Barclays and BMO were the banks on the deal.
The World Bank member and lender to the private sector in developing countries is based in Washington, D.C.
| Issuer: | International Finance Corp.
|
| Amount: | $500 million
|
| Description: | Bonds
|
| Maturity: | December 2020
|
| Bookrunners: | BofA Merrill Lynch, Barclays, BMO
|
| Coupon: | Libor plus 1 bp
|
| Price: | Par
|
| Spread: | Libor plus 1 bp
|
| Trade date: | Aug. 17
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
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