Browsing: World Bank’s International Finance Corporation (IFC)

IFC, a World Bank Group member, issued a brand-new US dollar global benchmark bond, generating US$2 billion to stimulate private investment in emerging and developing nations.

The deal received considerable support, and the ultimate transaction book was closed at more than US$4.9 billion by over 100 investors.

  • IFC, a World Bank Group member, issued a brand-new US dollar global benchmark bond, generating US$2 billion to stimulate private investment in emerging and developing nations
  • The new three-year benchmark is priced with a spread of SOFR MS+25 basis points, equivalent to +12.5 basis points over the three-year US Treasury note.
  • The new standard pays a semi-annual coupon of 3.625 per cent

 

“Investors’ enthusiasm is a testament to IFC’s financial strength and position as the top development financing organisation focusing mostly on the private sector in developing countries,” IFC Vice President and Treasurer, Treasury & Mobilization John Gandolfo stated.

“The bond’s proceeds