By Cristal Cody
Tupelo, Miss., June 26 – International Finance Corp. (Aaa/AAA) priced a $250 million add-on to its floating-rate notes due Dec. 15, 2021 on Monday at Libor minus 1 basis point, according to a market source.
BMO Capital Markets Corp. was the bookrunner.
International Finance previously reopened the existing notes on April 6, 2017 with a $250 million offering priced at Libor plus 5 bps. The total outstanding now is $1.25 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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| Bookrunner: | BMO Capital Markets Corp.
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| Coupon: | Libor minus 1 bp
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| Trade date: | June 25
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| Ratings: | Moody’s: Aaa
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| S&P: AAA
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| Total outstanding: | $1.25 billion, including a $250 million add-on priced April 6, 2017 at Libor plus 5 bps.
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