IFC Enters Rates Swap On USD1 Billion Bond

International Finance Corporation, the private sector arm of the World Bank Group, has entered into a floating-rate U.S. dollar swap off the back of a USD1 billion, five-year bond issue with a 4% coupon.

  • 13 May 2005
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International Finance Corporation, the private sector arm of the World Bank Group, has entered into a floating-rate U.S. dollar swap off the back of a USD1 billion, five-year bond issue with a 4% coupon.

Nina Shapiro, IFC treasurer in Washington, D.C., explained the corporation entered the swap because its balance sheet is in floating rate U.S. dollars. She said the IFC always enters into swaps after issuing bonds to avoid carrying currency and maturity risk, adding if the client wants local currency, the IFC swaps again.

Shapiro would not name the counterparties, whose credit rating must be at least single A, and declined to specify the floating rate received. BNP Paribas, Citigroup and UBS led the deal. IFC is rated AAA by Standard & Poor's and Moody's Investors Service.

  • 13 May 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 May 2017
1 JPMorgan 8,369.56 33 8.53%
2 UBS 8,282.28 33 8.44%
3 Citi 6,605.58 44 6.74%
4 Goldman Sachs 6,444.85 31 6.57%
5 Bank of America Merrill Lynch 6,215.31 24 6.34%