By Cristal Cody
Tupelo, Miss., Nov. 18 – The European Bank for Reconstruction and Development (Aaa/AAA/AAA) priced $1.5 billion of 0.5% five-year global notes on Wednesday at mid-swaps plus 7 basis points, or a Treasuries plus 13.45 bps spread, according to a market source.
The notes were initially talked to price in the mid-swaps plus 8 bps area.
Citigroup Global Markets Ltd., Daiwa Capital Markets Inc., J.P. Morgan Securities plc and Scotiabank Europe plc were the bookrunners.
The financial institution is based in London.
| Issuer: | European Bank for Reconstruction and Development
|
| Amount: | $1.5 billion
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| Description: | Global notes
|
| Maturity: | Nov. 25, 2025
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| Bookrunners: | Citigroup Global Markets Ltd., Daiwa Capital Markets Inc., J.P. Morgan Securities plc and Scotiabank Europe plc
|
| Coupon: | 0.5%
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| Spread: | Mid-swaps plus 7 bps, or Treasuries plus 13.45 bps
|
| Trade date: | Nov. 18
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Fitch: AAA
|
| Price talk: | Mid-swaps plus 8 bps area
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