By Devika Patel
Knoxville, Tenn., Nov. 14 – International Bank for Reconstruction and Development (World Bank) priced $2 billion of 2.5% global benchmark notes (Aaa/AAA/) due Nov. 22, 2027 at 99.395 on Tuesday, according to a market source.
The spread is mid-swaps plus 21 bps and the yield is 2.569%.
Barclays, BNP Paribas Securities Corp., Nomura and TD Securities (USA) LLC were the joint lead managers.
The global development financing cooperative is based in Washington, D.C.
| Issuer: | International Bank for Reconstruction and Development (World Bank)
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| Amount: | $2 billion
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| Description: | Global benchmark notes
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| Maturity: | Nov. 22, 2027
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| Bookrunner: | TD Securities (USA) LLC
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| Coupon: | 2.5%
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| Price: | 99.395
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| Yield: | 2.569%
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| Spread: | Mid-swaps plus 21 bps
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| Bookrunners: | Barclays, BNP Paribas Securities Corp., Nomura and TD Securities (USA) LLC
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| Trade date: | Nov. 14
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| Settlement date: | Nov. 22
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| Ratings: | Moody’s: Aaa
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| Standard & Poor’s: AAA
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