Commentary & Deal Flow

The International Development Association (IDAWBG) exp Aaa/AAA (s/s) US$ benchmark Global (SEC exempt) 5y FXD Sustainable Development Bond due 09/25/31. BMO/BofA/Citi/JPM joint active books. Denoms: 1,000 x 1,000. UoP: Bond proceeds support IDA’s sustainable development activities in member countries. Governing Law: New York. Listing: Luxembourg Stock Exchange regulated & Nasdaq (XSTO). Taking IOIs, expect pricing tomorrow (09/15). Settle 09/25 (T+8).
IPTs: SOFR MS+35 area (currently equiv to CT5+9.1).