The International Bank for Reconstruction and Development (IBRD) has raised $5 billion through a bond sale, The Wall Street Journal reports. The notes, which carry a coupon rate of 2.12%, will mature on March 15, 2016.
The securities, sold by the World Bank unit, were sold at a spread of one basis point over mid swaps, to yield 2.207%. The book-running managers for the sale were Bank of America Merrill Lynch, Goldman Sachs, Morgan Stanley and RBC Capital.
Click here for the story from The Wall Street Journal.
