New Issue: EBRD prices $850 million of floating-rate notes due 2026 at SOFR plus 19 bps

By Cristal Cody

Tupelo, Miss., April 8 – The European Bank for Reconstruction and Development (Aaa/AAA/AAA) sold $850 million of floating-rate notes due April 14, 2026 on Wednesday at SOFR plus 19 basis points, according to a market source.

The notes priced tighter than talk in the SOFR plus 20 bps area.

BofA Securities, Inc., Daiwa Capital Markets Inc., J.P. Morgan Securities plc and Nomura International plc were the bookrunners.

The financial institution is based in London.

Issuer:	European Bank for Reconstruction and Development
Amount:	$850 million
Description:	Floating-rate notes
Maturity:	April 14, 2026
Bookrunners:	BofA Securities, Inc., Daiwa Capital Markets Inc., J.P. Morgan Securities plc and Nomura International plc
Coupon:	SOFR plus 19 bps
Trade date:	April 7
Ratings:	Moody’s: Aaa
	S&P: AAA
	Fitch: AAA
Price talk:	SOFR plus 20 bps area

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