By Marisa Wong and Cristal Cody
Los Angeles, Feb. 10 – The European Bank for Reconstruction and Development priced $800 million of global floating-rate notes due Feb. 16, 2029 on Wednesday at SOFR plus 30 basis points, according to a market source.
The deal had been upsized from $500 million.
Initial price talk was in the SOFR plus 30 bps area.
BMO, BNP Paribas and Citigroup were the bookrunners for the Securities and Exchange Commission-exempt offering.
The financial institution is based in London.
| Issuer: | European Bank for Reconstruction and Development
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| Amount: | $800 million
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| Issue: | Floating-rate notes
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| Maturity: | Feb. 16, 2029
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| Bookrunners: | BMO, BNP Paribas and Citigroup
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| Coupon: | SOFR plus 30 bps
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| Pricing date: | Feb. 9
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| Distribution: | SEC-exempt
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| Initial price talk: | SOFR plus 30 bps area
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