The International Bank for Reconstruction and Development (IBRD) has raised $3.25 billion in a sale of bonds, Reuters reports. The notes are scheduled to mature on Sept. 15, 2016.
The securities carry a coupon rate of 1%. The loan provider to governments and public enterprises appointed Barclays Capital, Deutsche Bank, HSBC and JPMorgan as lead managers for the transaction.
Click here for the story from Reuters.