New Issue: International Finance sells $2 billion 1.375% notes due 2024 at mid-swaps plus 11 bps

By Cristal Cody

Tupelo, Miss., Oct. 8 – International Finance Corp. (Aaa/AAA) priced $2 billion of 1.375% five-year global notes on Tuesday at mid-swaps plus 11 basis points, or a Treasuries plus 8.9 bps spread, according to a market source.

Initial price talk was in the mid-swaps plus 12 bps area.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Nomura Securities International, Inc. and TD Securities (USA) LLC were the bookrunners.

Washington, D.C.-based International Finance is a member of the World Bank Group.

Issuer:	International Finance Corp.
Amount:	$2 billion
Description:	Global notes
Maturity:	Oct. 16, 2024
Bookrunners:	Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Nomura Securities International, Inc. and TD Securities (USA) LLC
Coupon:	1.375%
Spread:	Mid-swaps plus 11 bps, or Treasuries plus 8.9 bps
Trade date:	Oct. 8
Ratings:	Moody’s: Aaa
	S&P: AAA
Price guidance:	Mid-swaps plus 12 bps area

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