By Aleesia Forni
Virginia Beach, Sept. 25 – International Finance Corp. sold $500 million of 0.625% two-year global bonds at mid-swaps minus 13 basis points on Thursday, according to an informed source.
Price talk was set in the mid-swaps minus 12 bps area.
The notes (Aaa/AAA/) priced at 99.911 to yield 0.67%.
Citigroup Global Markets Inc. and Goldman Sachs & Co. are the banks on the deal.
The World Bank member and lender to the private sector in developing countries is based in Washington, D.C.
| Issuer: | International Finance Corp.
|
| Amount: | $500 million
|
| Description: | Notes
|
| Maturity: | Oct. 3, 2016
|
| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co.
|
| Coupon: | 0.625%
|
| Price: | 99.911
|
| Yield: | 0.67%
|
| Spread: | Mid-swaps minus 13 bps
|
| Trade date: | Sept. 25
|
| Settlement date: | Oct. 3
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor's: AAA
|
| Price talk: | Mid-swaps minus 12 bps area
|
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