IBRD talks $400 million tap of sustainable development floaters due 2031 at SOFR plus 34 bps area

By Devika Patel and Cristal Cody

Knoxville, Tenn., July 22 – The International Bank for Reconstruction and Development, or World Bank, plans to price a $400 million add-on to its global sustainable development floaters due Feb. 11, 2031, according to a market source.

The notes are talked in the SOFR plus 34 basis points area.

Citigroup Global Markets Inc., Credit Agricole CIB and Wells Fargo Securities LLC are the bookrunners.

The global development financing cooperative is based in Washington, D.C.

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