By Andrea Heisinger
New York, May 7 - The European Bank for Reconstruction and Development reopened an issue of 1% notes due 2018 (Aaa/AAA/AAA) on Tuesday to add $250 million, a market source said.
Pricing was at 100.342 to yield 0.932% with a spread of mid-swaps minus 1 basis point, or Treasuries plus 22.8 bps.
Total issuance will be $1.25 billion, including $1 billion sold on March 19 at the same spread as the reopened notes.
Bookrunners were Deutsche Bank Securities Inc. and TD Securities (USA) LLC.
The lender to banks, businesses and industries is based in London.
| Issuer: | European Bank for Reconstruction and Development
|
| Issue: | Notes, reopened
|
| Amount: | $250 million
|
| Maturity: | June 15, 2018
|
| Bookrunners: | Deutsche Bank Securities Inc., TD Securities (USA) LLC
|
| Coupon: | 1%
|
| Price: | 100.342
|
| Yield: | 0.932%
|
| Spread: | Mid-swaps minus 1 bp, Treasuries plus 22.8 bps
|
| Call: | Non-callable
|
| Trade date: | May 7
|
| Settlement date: | May 14
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Total issuance: | $1.25 billion, including $1 billion sold March 19
|
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