New Issue: EBRD prices $1 billion 1.5% notes due 2020 at mid-swaps plus 5 bps

By Andrea Heisinger

New York, Jan. 28 - The European Bank for Reconstruction and Development sold $1 billion of 1.5% notes due 2020 on Monday at a spread of mid-swaps plus 5 basis points, or Treasuries plus 20.1 bps, a market source said.

The notes (Aaa/AAA/AAA) were sold at 99.496. There is no call option.

Bookrunners were HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets LLC.

The lender to banks, businesses and industries is based in London.

Issuer:	European Bank for Reconstruction & Development
Issue:	Notes
Amount:	$1 billion
Maturity:	March 16, 2020
Bookrunners:	HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets LLC
Coupon:	1.5%
Price:	99.496
Spread:	Mid-swaps plus 5 bps, Treasuries plus 20.1 bps
Call:	Non-callable
Trade date:	Jan. 28
Settlement date:	Feb. 4
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA

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