07/27/2026 | Press release | Distributed by Public on 07/27/2026 09:32
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Official Use Only
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Official Use Only
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(a)Plan of Distribution. See, generally, Prospectus, cover page, pp. 45-47 of the Program Agreement, and the Terms Agreement.
The Dealer, party to the Terms Agreement, has agreed to purchase the Notes at an aggregate purchase price of U.S.$ 50,357,500 which is 100.638 % of the aggregate nominal amount of the Notes, plus U.S.$38,500 representing 7 days' accrued interest. See p. 1 of the Terms Agreement.
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(b)Stabilization Provisions. Not applicable.
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(c)Responsibility of Each Underwriter/Withholding of Commissions. See generally, Program Agreement and Terms Agreement.
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Official Use Only
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Official Use Only
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Official Use Only
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Official Use Only
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1.Issuer:
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International Finance Corporation
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2.(i) Series Number:
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2796
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(ii) Tranche Number:
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6
On the Issue Date the Notes will be consolidated and form a single series with the existing issue of U.S.$800,000,000 Floating Rate Notes due October 22, 2030 issued on October 9, 2025, with the existing issue of U.S.$75,000,000 Floating Rate Notes due October 22, 2030 issued on January 15, 2026, with the existing issue of U.S.$50,000,000 Floating Rate Notes due October 22, 2030 issued on January 22, 2026, with the existing issue of U.S. $90,000,000 Floating Rate Notes due October 22, 2030 issued on January 29, 2026, and with the existing issue of U.S.$85,000,000 Floating Rate Notes due October 22, 2030, issued on February 5, 2026
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3.Specified Currency or Currencies:
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United States Dollars (U.S.$)
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4.Aggregate Nominal Amount:
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(i) Series:
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U.S.$1,150,000,000
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(ii) Tranche:
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U.S.$50,000,000
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5.Issue Price:
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100.638 per cent. of the Aggregate Nominal Amount plus U.S.$38,500 representing 7 days' accrued interest from and including the Interest Commencement Date to but excluding the Issue Date
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6.(i) Specified Denominations:
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U.S.$1,000 and integral multiples thereof
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(ii) Calculation Amount:
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U.S.$1,000
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7.(i) Issue Date:
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July 29, 2026
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(ii) Interest Commencement Date:
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July 22, 2026
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8.Maturity Date:
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October 22, 2030
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9.Interest Basis:
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Compounded SOFR + the Margin Floating Rate
(further particulars specified below) |
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10.Redemption/Payment Basis:
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Redemption at par
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11.Change of Interest or Redemption/Payment Basis:
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Not Applicable
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12.Put/Call Options:
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Not Applicable
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Official Use Only
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13.Status of the Notes:
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Senior
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14.Method of distribution:
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Non-syndicated
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PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
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15.Fixed Rate Note Provisions:
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Not Applicable
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16.Floating Rate Note Provisions:
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Applicable
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(i) Interest Period(s):
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The period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the First Interest Payment Date and each successive period beginning on (and including) a Specified Interest Payment Date and ending on (but excluding) the next succeeding Specified Interest Payment Date, as each date other than the Maturity Date may be adjusted in accordance with the Business Day Convention specified below.
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(ii) Specified Interest Payment Dates:
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January 22, April 22, July 22 and October 22 in each year, commencing with a full first coupon from July 22 to October 22, 2026, and ending on and including the Maturity Date, in each case other than the Maturity Date subject to adjustment in accordance with the Business Day Convention specified below; provided, however, that if the Notes become due and payable in accordance with Condition 9, the final Specified Interest Payment Date shall be deemed to be the date on which the Notes become due and payable.
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(iii) First Interest Payment Date:
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October 22, 2026
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(iv) Interest Period Date:
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Each Specified Interest Payment Date
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(v) Business Day Convention:
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Modified Following Business Day Convention
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(vi) Business Centre(s):
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New York
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(vii) Manner in which the Rate(s) of Interest is/are to be determined:
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As set out in Item 16(xv) below
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(viii) Party responsible for calculating the Rate(s) of Interest and Interest Amount(s) (if not the Agent):
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Citibank, N.A., London
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(ix) Screen Rate Determination:
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Not Applicable
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(x) ISDA Determination:
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Not Applicable
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(xi) Margin(s):
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0.38 per cent.
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(xii) Minimum Rate of Interest:
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0.00 per cent.
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(xiii) Maximum Rate of Interest:
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Not Applicable
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Official Use Only
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(xiv) Day Count Fraction:
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Actual/360
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(xv) Fall back provisions, rounding provisions, denominator and any other terms relating to the method of calculating interest on Floating Rate Notes, if different from those set out in the Conditions:
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Notwithstanding Condition 4(b)(iii), the Rate of Interest for each relevant Interest Period shall be determined by the Calculation Agent on each Interest Determination Date in accordance with the following provisions. The Rate of Interest for each Interest Period shall apply with effect from and including the first day of such Interest Period. The Rate of Interest for each Interest Period will, subject as provided below, be Compounded SOFR plus the Margin.
Subject to the Compounded SOFR Fallback Provisions below, for any Interest Period, "Compounded SOFR" will be calculated by the Calculation Agent on each Interest Determination Date as follows and the resulting percentage will be rounded, if necessary, to the fourth decimal place of a percentage point, 0.00005 being rounded upwards:
where:
"Interest Determination Date" means the date five U.S. Government Securities Business Days before each Specified Interest Payment Date; provided, however, that if the Notes become due and payable in accordance with Condition 9, the Interest Determination Date shall be deemed to be the date on which the Notes become due and payable.
"Observation Period" means, in respect of such Interest Period, the period from, and including, the date which is five U.S. Government Securities Business Days preceding the first date of such Interest Period to, but excluding, the date which is five U.S. Government Securities Business Days preceding the Interest Payment Date for such Interest Period (or in the final Interest Period, the Maturity Date).
"SOFR IndexStart" means the SOFR Index value on the day which is five U.S. Government Securities Business Days preceding the first date of such Interest Period.
"SOFR IndexEnd" means the SOFR Index value on the day which is five U.S. Government Securities Business Days preceding the Interest Payment Date relating to such Interest Period (or in the final Interest Period, the Maturity Date).
"dc" means the number of calendar days in the Observation Period relating to such Interest Period.
"SOFR Administrator" means the Federal Reserve Bank of New York ("NY Fed") as administrator of the secured overnight financing rate ("SOFR") (or a successor administrator of SOFR)
"SOFR Index" in relation to any U.S. Government Securities Business Day shall be the value published by the SOFR Administrator on its website (on or about 3:00 p.m. (New York Time) on such U.S. Government Securities Business Day (the "SOFR Index Determination Time"). Currently, the SOFR Administrator publishes the SOFR Index on its website at https://www.newyorkfed.org/markets/reference-rates/sofr-averages-and-index. In the event that the value originally published by the SOFR Administrator on or about 3:00 p.m. (New York Time) on any U.S. Government Securities Business Day is subsequently corrected and such corrected value is published by the SOFR Administrator on the original date of publication, then such corrected value, instead of the value that was originally published, shall be deemed the SOFR Index as of the SOFR Index Determination Time in relation to such U.S. Government Securities Business Day.
"U.S. Government Securities Business Day" means any day, except for a Saturday, Sunday or a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities.
Compounded SOFR Fallback Provisions:
SOFR Index Unavailable:
If a SOFR IndexStart or SOFR IndexEnd is not published on the associated Interest Determination Date and a Benchmark Transition Event and its related Benchmark Replacement Date have not occurred with respect to SOFR Index or SOFR, "Compounded SOFR" means, for the applicable Interest Period for which such index is not available, the rate of return on a daily compounded interest investment calculated by the Calculation Agent in accordance with the formula for SOFR Averages, and definitions required for such formula, published on the SOFR Administrator's website at https://www.newyorkfed.org/markets/treasury-repo-reference-rates-information. For the purposes of this provision, references in the SOFR Averages compounding formula and related definitions to "calculation period" shall be replaced with "Observation Period" and the words "that is, 30-, 90-, or 180- calendar days" shall be removed. If the daily SOFR ("SOFRi") does not so appear for any day, "i" in the Observation Period, SOFRi for such day "i" shall be SOFR published in respect of the first preceding U.S. Government Securities Business Day for which SOFR was published on the SOFR Administrator's website.
Effect of a Benchmark Transition Event:
If the Issuer determines on or prior to the relevant Reference Time that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the then-current Benchmark, the Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the Notes in respect of all determinations on such date and for all determinations on all subsequent dates.
In connection with the implementation of a Benchmark Replacement, the Issuer will have the right to make Benchmark Replacement Conforming Changes from time to time.
Any determination, decision or election that may be made by the Issuer pursuant to this section, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection:
(1) will be conclusive and binding absent manifest error;
(2) will be made in the sole discretion of the Issuer; and
(3) notwithstanding anything to the contrary in the documentation relating to the Notes described herein, shall become effective without consent from the holders of the Notes or any other party.
"Benchmark" means, initially, SOFR Index; provided that if the Issuer determines on or prior to the Reference Time that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to SOFR Index (or the published daily SOFR used in the calculation thereof) then "Benchmark" means the applicable Benchmark Replacement for the SOFR Index; and provided further that if the Issuer determines on or prior to the Reference Time that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the then-current Benchmark (or the daily published component used in the calculation thereof), then "Benchmark" means the applicable Benchmark Replacement for the then-current Benchmark.
"Benchmark Replacement" means the first alternative set forth in the order below that can be determined by the Issuer as of the Benchmark Replacement Date.
(1) the sum of: (a) the alternate rate of interest that has been selected or recommended by the Relevant Governmental Body as the replacement for the then-current Benchmark and (b) the Benchmark Replacement Adjustment;
(2) the sum of: (a) the ISDA Fallback Rate and (b) the Benchmark Replacement Adjustment; or
(3) the sum of: (a) the alternate rate of interest that has been selected by the Issuer as the replacement for the then-current Benchmark giving due consideration to any industry-accepted rate of interest as a replacement for the then-current Benchmark for U.S. dollar-denominated floating rate notes at such time and (b) the Benchmark Replacement Adjustment;
Provided that, if a Benchmark Replacement Date has occurred with regard to the daily published component used in the calculation of a Benchmark, but not with regard to the Benchmark itself, "Benchmark Replacement" means the references to the alternatives determined in accordance with clauses (1), (2) or (3) above for such daily published components.
"Benchmark Replacement Adjustment" means the first alternative set forth in the order below that can be determined by the Issuer as of the Benchmark Replacement Date:
(1) the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected or recommended by the Relevant Governmental Body for the applicable Unadjusted Benchmark Replacement;
(2) if the applicable Unadjusted Benchmark Replacement is equivalent to the ISDA Fallback Rate, the ISDA Fallback Adjustment; or
(3) the spread adjustment (which may be a positive or negative value or zero) that has been selected by the Issuer giving due consideration to any industry-accepted spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the then-current Benchmark (or the daily published component used in the calculation thereof) with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated floating rate notes at such time.
"Benchmark Replacement Conforming Changes" means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the timing and frequency of determining rates and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Issuer decides may be appropriate to reflect the adoption of such Benchmark Replacement in a manner substantially consistent with market practice (or, if the Issuer decides that adoption of any portion of such market practice is not administratively feasible or if the Issuer determines that no market practice for use of the Benchmark Replacement exists, in such other manner as the Issuer determines is reasonably necessary); provided that, for the avoidance of doubt, if a Benchmark Replacement Date has occurred with regard to the daily published component used in the calculation of a Benchmark, but not with regard to the Benchmark itself, "Benchmark Replacement Conforming Changes" shall also mean that the Issuer may calculate the Benchmark Replacement for such Benchmark in accordance with the formula for and method of calculating such Benchmark last in effect prior to Benchmark Replacement Date affecting such component, substituting the affected component with the relevant Benchmark Replacement for such component.
"Benchmark Replacement Date" means the earliest to occur of the following events with respect to the then-current Benchmark (or the daily published component used in the calculation thereof):
(1) in the case of clause (1) or (2) of the definition of "Benchmark Transition Event," the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of the Benchmark permanently or indefinitely ceases to provide the Benchmark (or such component); or
(2) in the case of clause (3) of the definition of "Benchmark Transition Event," the later of (x) the date of the public statement or publication of information referenced therein and (y) the first date on which such Benchmark (or such component) is no longer representative per such statement or publication.
For the avoidance of doubt, if the event that gives rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination.
"Benchmark Transition Event" means the occurrence of one or more of the following events with respect to the then-current Benchmark (or the daily published component used in the calculation thereof):
(1) a public statement or publication of information by or on behalf of the administrator of the Benchmark (or such component) announcing that such administrator has ceased or will cease to provide the Benchmark (or such component), permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the Benchmark (or such component); or
(2) a public statement or publication of information by the regulatory supervisor for the administrator of the Benchmark (or such component), the central bank for the currency of the Benchmark (or such component), an insolvency official with jurisdiction over the administrator for the Benchmark (or such component), a resolution authority with jurisdiction over the administrator for the Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for the Benchmark, which states that the administrator of the Benchmark (or such component) has ceased or will cease to provide the Benchmark (or such component) permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the Benchmark (or such component); or
(3) a public statement or publication of information by the regulatory supervisor for the administrator of the Benchmark announcing (A) that such Benchmark (or its component) is no longer, or as of a specified future date will no longer be, capable of being representative, or is non-representative, of the underlying market and economic reality that such Benchmark (or its component) is intended to measure as required by applicable law or regulation and as determined by the regulatory supervisor in accordance with applicable law or regulation and (B) that the intention of that statement or publication is to engage contractual triggers for fallbacks activated by pre-cessation announcements by such supervisor (howsoever described) in contracts.
"ISDA Definitions" means the 2021 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time.
"ISDA Fallback Adjustment" means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark (or the daily published component used in the calculation thereof).
"ISDA Fallback Rate" means the rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective upon the occurrence of an index cessation date with respect to the Benchmark (or the daily published component used in the calculation thereof) for the applicable tenor excluding the applicable ISDA Fallback Adjustment.
"Reference Time" with respect to any determination of the Benchmark (or the daily published component used in the calculation thereof) means (1) if the Benchmark is SOFR Index, the SOFR Index Determination Time, and (2) if the Benchmark is not SOFR Index, the time determined by the Issuer after giving effect to the Benchmark Replacement Conforming Changes.
"Relevant Governmental Body" means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto.
"Unadjusted Benchmark Replacement" means the Benchmark Replacement excluding the Benchmark Replacement Adjustment.
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Official Use Only
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17.Zero Coupon Note Provisions:
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Not Applicable
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18.Index Linked Interest Note/other variable-linked interest Note Provisions:
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Not Applicable
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19.Dual Currency Note Provisions:
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Not Applicable
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PROVISIONS RELATING TO REDEMPTION
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20.Call Option:
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Not Applicable
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21.Automatic Early Redemption:
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Not Applicable
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22.Put Option:
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Not Applicable
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23.Final Redemption Amount of each Note:
24.Capital at Risk Notes:
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U.S.$1,000 per Calculation Amount
No
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25.Early Redemption Amount:
Early Redemption Amount(s) of each Note payable on redemption on event of default or other early redemption and/or the method of calculating the same (if required or if different from that set out in the Conditions): |
U.S.$1,000 per Calculation Amount
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GENERAL PROVISIONS APPLICABLE TO THE NOTES
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26.Form of Notes:
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Registered Notes:
DTC Global Registered Certificate available on Issue Date
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27.New Global Note (NGN):
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No
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28.Global Certificate held under the new safekeeping structure (NSS):
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No
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29.Financial Centre(s) or other special provisions relating to payment dates:
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New York
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30.Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature):
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No
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31.Details relating to Partly Paid Notes:
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Not Applicable
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Official Use Only
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32.Details relating to installment Notes: amount of each installment, date on which each payment is to be made:
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Not Applicable
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33.Redenomination, renominalization and reconventioning provisions:
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Not Applicable
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34.Consolidation provisions:
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Not Applicable
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35.Additional terms:
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Applicable, the Corporation reserves its right at any time without the consent of Noteholders to make any modification to the Notes which is of a formal, minor or technical nature or which is made to correct a manifest error.
For the purposes of this issue of Notes the first sentence of Condition 6(h) shall be deemed amended to read as follows: "If any date for payment in respect of any Note, Receipt or Coupon is not a business day, the holder shall not be entitled to payment until the next following business day (unless it would thereby fall into the next calendar month, in which event such date shall be brought forward to the immediately preceding business day) nor to any interest or other sum in respect of any such postponed payment."
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36.Governing law:
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New York
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DISTRIBUTION
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37.(i) If syndicated, names and addresses of Managers and underwriting commitments:
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Not applicable
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(ii) Date of Terms Agreement:
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July 24, 2026
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(iii) Stabilizing Manager(s) (if any):
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Not Applicable
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38.If non-syndicated, name and address of Dealer:
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Citigroup Global Markets Limited
Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB
United Kingdom
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39.Total commission and concession:
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Not Applicable
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40.Additional selling restrictions:
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Not Applicable
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Official Use Only
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By:
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/s/ Flora Chao
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Duly authorized
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Official Use Only
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(i) Listing:
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London
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(ii) Admission to trading:
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Application will be made for the Notes to be admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange plc's Regulated Market with effect on or around July 29, 2026.
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Ratings:
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The Notes to be issued are expected to be rated:
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Standard & Poor's Financial Services LLC: AAA
Moody's Investors Service, Inc.: Aaa |
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Official Use Only
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Intended to be held in a manner which would allow Eurosystem eligibility:
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No
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ISIN Code:
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US45950KDN72
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Common Code:
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320271215
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CUSIP:
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45950K DN7
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Any clearing system(s) other than Euroclear Bank SA/NV, Clearstream Banking S.A. and The Depository Trust Company and the relevant identification number(s):
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Not Applicable
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Delivery:
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Delivery against payment
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Names and addresses of additional Paying Agent(s) (if any):
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Not applicable
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Applicable TEFRA exemption:
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Not Applicable
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Official Use Only
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Official Use Only
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Official Use Only
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Official Use Only
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Official Use Only
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Official Use Only
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Official Use Only
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Official Use Only
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Official Use Only
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Official Use Only
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