IFC Launches $2 Billion Bond to Support Private Sector Investment and Jobs in Emerging Markets
United States, June 25 -- To support private businesses and help drive job creation in emerging markets, IFC issued a new 2 billion US dollar global benchmark bond.The new five-year benchmark was met with strong investor demand with final orders over $3.8 billion. The transaction priced at 7 basis points over US Treasuries, the tightest spread for an IFC five-year US dollar benchmark. It also priced at 41 basis points above the SOFR mid-swap rate, one of the most competitively priced five-year bonds from a public sector issuer so far this calendar year. Joint lead managers for this transaction were BofA Securities, Citi, J.P. Morgan, TD Securities.IFC has issued US dollar-denominated global benchmark bonds each year since 2000. In addition,...
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