By William Gullotti and Cristal Cody
Buffalo, N.Y., Feb. 14 – European Bank for Reconstruction and Development priced $750 million of floating-rate global notes due 2028 at SOFR plus 33 basis points on Tuesday, according to a market source.
Pricing came in on top of initial talk in the SOFR plus 33 bps area.
Deutsche Bank, Scotia and TD are the bookrunners.
The financial institution is based in London.
| Issuer: | European Bank for Reconstruction and Development
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| Amount: | $750 million
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| Issue: | Floating-rate global notes
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| Maturity: | Feb. 20, 2028
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| Bookrunners: | Deutsche Bank, Scotia and TD
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| Spread: | SOFR plus 33 bps
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| Pricing date: | Feb. 13
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| Price talk: | SOFR plus 33 bps area
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