By Devika Patel
Knoxville, Tenn., Nov. 3 – International Bank for Reconstruction and Development (World Bank) said it priced $500 million of 1.75% five-year green bonds (Aaa/AAA) at par on Thursday.
The notes may be redeemed on Nov. 22, 2017 and quarterly afterward.
TD Securities (USA) LLC was the dealer.
The Maryland State Treasurer’s Office provided the $250 million lead order for the transaction, and other investors included Blackrock and Pimco, according to a news release.
World Bank is based in Washington, D.C.
| Issuer: | International Bank for Reconstruction and Development (World Bank)
|
| Amount: | $500 million
|
| Description: | Green bonds
|
| Maturity: | Nov. 22, 2021
|
| Bookrunner: | TD Securities (USA) LLC
|
| Coupon: | 1.75%
|
| Price: | Par
|
| Yield: | 1.75%
|
| Call: | On Nov. 22, 2017 and then quarterly
|
| Trade date: | Nov. 3
|
| Settlement date: | Nov. 22
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
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