By Wendy Van Sickle
Columbus, Ohio, Aug. 1 – The European Bank for Reconstruction and Development priced an additional $70 million of global floating-rate notes due Feb. 16, 2029 (Aaa/AAA/AAA) on Tuesday at 99.904 with a coupon of SOFR plus 30 basis points, according to an FWP filed with the Securities and Exchange Commission.
The additional notes will be combined with the initial $800 million issued on Feb. 16, 2022, the additional $125 million issued on Feb. 24, 2022 and the $55 million add-on issued on Feb. 28, 2022.
Morgan Stanley & Co. International plc is the dealer.
Proceeds will be used for ordinary capital resources and operations.
The financial institution is based in London.
| Issuer: | European Bank for Reconstruction and Development
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| Amount: | $70 million add-on
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| Issue: | Floating-rate notes
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| Maturity: | Feb. 16, 2029
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| Dealer: | Morgan Stanley & Co. International plc
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| Counsel to bank: | Cleary Gottlieb Steen & Hamilton LLP
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| Coupon: | SOFR plus 30 bps
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| Price: | 99.904
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| Pricing date: | Aug. 1
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| Issue date: | Aug. 3
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| Ratings: | Moody’s: Aaa
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| S&P: AAA
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| Fitch: AAA
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| Cusip: | 29874QEU4
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| Total issue: | $1.105 billion, including $800 million issued on Feb. 16, 2022, $125 million issued on Feb. 24, 2022 and $55 million issued on Feb. 28, 2022
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