Published on 7/11/2017 in the Prospect News Investment Grade Daily.
New Issue: International Finance prices $500 million floaters due 2022 at Libor plus 7 bps
By Cristal Cody
Tupelo, Miss., July 11 – International Finance Corp. (Aaa/AAA) sold $500 million of global floating-rate notes due Dec. 15, 2022 on top of talk at Libor plus 7 basis points on Tuesday, according to a market source.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Nomura Securities International, Inc. were the bookrunners.
Washington, D.C.-based International Finance is a member of the World Bank Group.
| Issuer: | International Finance Corp.
|
| Amount: | $500 million
|
| Description: | Global floating-rate notes
|
| Maturity: | Dec. 15, 2022
|
| Bookrunners: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Nomura Securities International, Inc.
|
| Coupon: | Libor plus 7 bps
|
| Trade date: | July 11
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Price guidance: | Libor plus 7 bps area
|
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