By Cristal Cody
Tupelo, Miss., April 6 – International Finance Corp. (Aaa/AAA) priced a $250 million add-on to its floating-rate notes due Dec. 15, 2021 on Thursday at Libor plus 5 basis points, according to a market source.
The notes were initially talked to price in the Libor plus 6 bps area.
BofA Merrill Lynch, BMO Capital Markets Corp. and Deutsche Bank Securities Inc. were the lead managers.
The total outstanding following the deal will be $1 billion.
Washington, D.C.-based International Finance is a member of the World Bank Group.
| Issuer: | International Finance Corp.
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| Amount: | $250 million reopening
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| Description: | Floating-rate notes
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| Maturity: | Dec. 15, 2021
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| Bookrunners: | BofA Merrill Lynch, BMO Capital Markets Corp. and Deutsche Bank Securities Inc.
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| Coupon: | Libor plus 5 bps
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| Trade date: | April 6
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| Ratings: | Moody’s: Aaa
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| S&P: AAA
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| Price guidance: | Libor plus 6 bps area
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| Total outstanding: | $1 billion
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