By Andrea Heisinger
New York, April 13 - The European Bank for Reconstruction and Development priced $1 billion of 2.75% five-year notes on Tuesday to yield Treasuries plus 16.75 basis points, an informed source said.
The offering was announced on Monday, but pricing went overnight. The issue was sold in line with talk in the mid-swaps plus 2 bps area.
The non-callable notes (Aaa/AAA/) priced at 99.961 to yield 2.759%.
Bookrunners were Citigroup Global Markets, Daiwa Securities, HSBC Securities and Morgan Stanley & Co.
The investor in countries from central Europe to central Asia is based in London.
| Issuer: | European Bank for Reconstruction and Development
|
| Issue: | Global notes
|
| Amount: | $1 billion
|
| Maturity: | April 20, 2015
|
| Bookrunners: | Citigroup Global Markets, Daiwa Securities, HSBC Securities, Morgan Stanley & Co.
|
| Coupon: | 2.75%
|
| Price: | 99.961
|
| Yield: | 2.759%
|
| Spread: | Treasuries plus 16.75 bps
|
| Call: | Non-callable
|
| Trade date: | April 13
|
| Settlement date: | April 20
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Price talk: | Mid-swaps plus 2 bps
|
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