By Aleesia Forni
New York, Nov. 17 – International Finance Corp. priced a $500 million offering of 1.25% three-year green bonds (Aaa/AAA) on Tuesday at mid-swaps plus 10 basis points, a market source said.
Pricing came in line with guidance, which was set in the mid-swaps plus 10 bps area.
Citigroup Global Markets Inc., HSBC Securities and J.P. Morgan Securities LLC are the bookrunners on the deal.
Proceeds will be use to fund climate-friendly projects.
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: | Green bonds
|
| Maturity: | Nov. 27, 2018
|
| Bookrunners: | Citigroup Global Markets Inc., HSBC Securities, J.P. Morgan Securities LLC
|
| Coupon: | 1.25%
|
| Spread: | Mid-swaps plus 10 bps
|
| Trade date: | Nov. 17
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Price guidance: | Mid-swaps plus 10 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
