International Finance talks $200 million add-on to floaters due 2020 at Libor plus 3 bps area

By Aleesia Forni

Virginia Beach, Sept. 21 – International Finance Corp. plans to price a $200 million add-on to its existing floating-rate bonds (Aaa/AAA) due Dec. 14, 2020, a market source said.

The notes carry a coupon of Libor plus 1 basis point, and price talk is set in the area of Libor plus 3 bps.

BofA Merrill Lynch, Barclays and BMO are the banks on the deal.

The original $500 million issue sold at par to yield Libor plus 1 bp on Aug. 17.

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

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