By Andrea Heisinger
New York, Oct. 13 - The European Bank for Reconstruction and Development priced $1.25 billion of 1.375% five-year notes on Thursday at a spread of mid-swaps minus 1 basis point, a market source said.
The notes priced in line with talk, which was in the mid-swaps minus 1 bp area.
The notes (Aaa/AAA/AAA) were sold at 99.909.
Goldman Sachs International, HSBC Holdings plc and Morgan Stanley & Co. LLC were the bookrunners.
The lender to banks, businesses and industries is based in London.
| Issuer: | European Bank for Reconstruction and Development
|
| Issue: | Notes
|
| Amount: | $1.25 billion
|
| Maturity: | Oct. 20, 2016
|
| Bookrunners: | Goldman Sachs International, HSBC Holdings plc, Morgan Stanley & Co. LLC
|
| Coupon: | 1.375%
|
| Price: | 99.909
|
| Spread: | Mid-swaps minus 1 bp
|
| Trade date: | Oct. 13
|
| Settlement date: | Oct. 20
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Price talk: | Mid-swaps minus 1 bp area
|
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