By William Gullotti and Cristal Cody
Buffalo, N.Y., March 3 – The European Bank for Reconstruction and Development priced $2 billion of 4.375% global green notes due March 9, 2028 on Thursday, according to information from a market source.
The fixed-rate notes priced at a spread of 13.9 basis points over Treasuries, or SOFR mid-swaps plus 31 bps. Initial price talk was in the SOFR mid-swaps plus 35 bps area.
J.P. Morgan Securities plc, Daiwa, Goldman Sachs and TD are the managers.
As previously reported, listing will be on the London Stock Exchange.
The financial institution is based in London.
| Issuer: | European Bank for Reconstruction and Development
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| Amount: | $2 billion
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| Issue: | Fixed-rate global green notes
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| Maturity: | March 9, 2028
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| Managers: | J.P. Morgan Securities plc, Daiwa, Goldman Sachs and TD
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| Coupon: | 4.375%
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| Spread: | Treasuries plus 13.9 bps; SOFR mid-swaps plus 31 bps
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| Pricing date: | March 2
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| Initial price talk: | SOFR mid-swaps plus 35 bps area
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