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EBRD markets five-year bonds at mid-swaps plus 20 bps area
By Cristal Cody
Tupelo, Miss., May 11 – The European Bank for Reconstruction and Development (Aaa/AAA/AAA) plans to price a dollar-denominated offering of five-year global notes on Tuesday, according to a market source.
The notes due May 19, 2025 are initially talked to price in the mid-swaps plus 20 basis points area.
Barclays, J.P. Morgan Securities plc, Nomura Securities International, plc and TD Securities (USA) LLC are the bookrunners.
The financial institution is based in London.
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