Chicago, Sept. 8 – The European Bank for Reconstruction and Development (Aaa/AAA) sold a $50 million tap of its notes due May 19, 2025, according to an announcement.
The lead manager for the transaction was Daiwa Capital Markets Europe Ltd.
The bond was sold to Shizuoka Bank.
Proceeds will be included in the issuer’s ordinary capital resources and used in its ordinary operations, which included EBRD’s response to the Covid-19 pandemic.
The financial institution is based in London.
| Issuer: | European Bank for Reconstruction and Development
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| Amount: | $50 million (add-on)
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| Description: | Global notes
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| Maturity: | May 19, 2025
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| Lead manager: | Daiwa Capital Markets Europe Ltd.
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| Coupon: | 0.5%
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| Announcement date: | Sept. 7
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| Ratings: | Moody’s: Aaa
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| S&P: AAA
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| Original issue: | $1.75 billion of notes sold on May 12
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