IBRD Raises $5B In Bond Sale

The International Bank for Reconstruction and Development(IBRD) has raised $5 billion through a bond sale,The Wall Street Journalreports. The notes, which carry a coupon rate of 2.12%, will mature on March 15, 2016.

The securities, sold by theWorld Bankunit, were sold at a spread of one basis point over mid swaps, to yield 2.207%. The book-running managers for the sale wereBank of America Merrill Lynch,Goldman Sachs,Morgan StanleyandRBC Capital.

Click here for the story fromThe Wall Street Journal.