Chicago, April 19 – The European Bank for Reconstruction and Development added $150 million in two add-ons to its recently priced $2 billion of 4.375% global notes due March 9, 2028, according to pricing supplements.
EBRD added $100 million in a March 28 offering and another $50 million on March 29.
Both will be consolidated and form a single series with the original issue.
The larger add-on priced at 103.487 plus interest from March 9. The second deal priced at 104.415 with 22 days interest.
Bank of Montreal was listed as the dealer.
Proceeds will be used in the ordinary capital resources of the issuer and used in its ordinary operations.
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
|
Amount: | $150 million
|
Issue: | Global notes
|
Maturity: | March 9, 2028
|
Bookrunner: | Bank of Montreal
|
ISIN: | US29874QEX88
|
Total issue size: | $2.15 billion including $2 billion issued on March 9
|
|
First add-on
|
Amount: | $100 million
|
Coupon: | 4.375%
|
Price: | 103.487
|
Yield: | 3.598%
|
Pricing date: | March 28
|
Settlement date: | March 30
|
|
Second add-on
|
Amount: | $50 million
|
Coupon: | 4.375%
|
Price: | 104.415
|
Yield: | 3.396%
|
Pricing date: | March 29
|
Settlement date: | March 30
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.