New Issue: EBRD prices $1 billion of floaters due 2024 at SOFR plus 28 bps

By Cristal Cody

Tupelo, Miss., Oct. 7 – The European Bank for Reconstruction and Development (Aaa/AAA/AAA) priced $1 billion of floating-rate notes due Oct. 15, 2024 on Wednesday at SOFR plus 28 basis points, according to a market source.

The notes priced on top of talk in the SOFR plus 28 bps area.

BNP Paribas Securities Corp., Deutsche Bank Securities, Inc., Nomura International plc and Wells Fargo Securities, LLC were the bookrunners.

The financial institution is based in London.

Issuer:	European Bank for Reconstruction and Development
Amount:	$1 billion
Description:	Floating-rate notes
Maturity:	Oct. 15, 2024
Bookrunners:	BNP Paribas Securities Corp., Deutsche Bank Securities, Inc., Nomura International plc and Wells Fargo Securities, LLC
Coupon:	SOFR plus 28 bps
Trade date:	Oct. 7
Ratings:	Moody’s: Aaa
	S&P: AAA
	Fitch: AAA
Price talk:	SOFR plus 28 bps area

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