World Bank Prices NOK 2 Billion Floating Rate Benchmark Bond
United States, April 10 -- The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a 2 billion Norwegian krone-denominated floating rate Sustainable Development Bond that matures on July 16, 2031.The bond offers a quarterly coupon of 3-month NIBOR + 14 bps and was priced at 100%. DNB and SEB acted as lead managers for the transaction.The deal was placed primarily with bank treasuries and asset managers in Scandinavia.Transaction SummaryIssuer:World Bank (International Bank for Reconstruction and Development, IBRD)Issuer rating:Aaa/AAA (Moody's/S&P)Currency:NOKAmount:NOK 2,000,000,000Settlement date:April 16, 2026Maturity date:July 16, 2031Issue price:100%Issue yield:3-month NIBOR + 14 bpsDenominati...
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