New Issue: World Bank prices $4 billion 1.875% three-year notes

By Cristal Cody

Tupelo, Miss., March 14 – The International Bank for Reconstruction and Development, known as the World Bank, priced $4 billion of 1.875% global notes due April 21, 2020 on Tuesday at a spread of Treasuries plus 23.05 basis points, according to a market source.

BNP Paribas Securities Corp., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and RBC Capital Markets LLC were the bookrunners.

The global development financing cooperative is based in Washington, D.C.

Issuer:	International Bank for Reconstruction and Development (World Bank)
Amount:	$4 billion
Description:	Global notes
Maturity:	April 21, 2020
Bookrunners:	BNP Paribas Securities Corp., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and RBC Capital Markets LLC
Coupon:	1.875%
Spread:	Treasuries plus 23.05 bps
Trade date:	March 14
Ratings:	Moody’s: Aaa
	S&P: AAA
	Fitch: AAA
Distribution:	Global

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