By Aleesia Forni
Virginia Beach, Feb. 4 – International Bank for Reconstruction and Development (World Bank) sold $4 billion of 1.625% seven-year notes on Wednesday at mid-swaps plus 1 basis point, according to a market source.
The notes were talked in the mid-swaps plus 2 basis points area.
BNP Paribas Securities Corp., BofA Merrill Lynch, Citigroup Global Markets Inc. and TD Securities were the bookrunners.
The issuer is based in Washington, D.C.
| Issuer: | International Bank for Reconstruction and Development
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| Amount: | $4 billion
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| Description: | Global notes
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| Maturity: | 2022
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| Bookrunners: | BNP Paribas Securities Corp., BofA Merrill Lynch, Citigroup Global Markets Inc., TD Securities
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| Coupon: | 1.625%
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| Spread: | Mid-swaps plus 1 bp
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| Trade date: | Feb. 4
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| Ratings: | Moody’s: Aaa
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| Standard & Poor’s: AAA
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| Price talk: | Mid-swaps plus 2 bps area
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