IFC Launches Standout $2 Billion 5-Year USD Green Benchmark Bond
United States, July 7 -- The International Finance Corporation (IFC, rated Aaa/AAA), a member of the World Bank Group, priced its first US dollar benchmark bond of the fiscal year, a green bond raising $2 billion to support the private sector and job creation in developing countries.The transaction generated very strong investor interest, reaching a book of $8 billion, supported by 120 investor orders, demonstrating robust global demand for high-quality US dollar benchmark bonds.Joint lead managers for this transaction were BMO Capital Markets, Citigroup Global Markets Limited, Goldman Sachs International, and J.P. Morgan. The bond pays a semi-annual coupon of 4.25%, offers a spread of 1.7 basis points versus the reference US Treasury, and ...
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