By Andrea Heisinger
New York, May 22 - The European Bank for Reconstruction and Development reopened its issue of 1.5% notes due March 16, 2020 (Aaa/AAA/AAA) on Wednesday to add $250 million, a market source said.
Pricing was at 100.347 to yield 1.446% with a spread of mid-swaps plus 2 basis points.
Total issuance is $1.25 billion, including $1 billion sold previously.
Bookrunners were BNP Paribas Securities Corp., Deutsche Bank Securities Inc. and TD Securities USA Inc.
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: | March 16, 2020
|
| Bookrunners: | BNP Paribas Securities Corp., Deutsche Bank Securities Inc., TD Securities USA Inc.
|
| Coupon: | 1.5%
|
| Price: | 100.347
|
| Yield: | 1.446%
|
| Spread: | Mid-swaps plus 2 bps
|
| Trade date: | May 22
|
| Settlement date: | May 30
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Total issuance: | $1.25 billion, including $1 billion sold previously
|
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