By Aleesia Forni
Virginia Beach, Feb. 13 - The European Bank for Reconstruction and Development priced a $250 million add-on to its existing 1.625% global notes (Aaa/AAA/AAA) due 2018 on Thursday at a spread of mid-swaps plus 1 basis point, an informed source said.
Morgan Stanley & Co. LLC, RBC Capital Markets LLC and Standard Chartered were the bookrunners.
The original $1 billion issue priced with a spread of mid-swaps flat on July 25, 2013.
The lender to banks, businesses and industries is based in London.
| Issuer: | European Bank for Reconstruction and Development
|
| Issue: | Add-on to global notes
|
| Amount: | $250 million
|
| Maturity: | Nov. 15, 2018
|
| Bookrunners: | Morgan Stanley & Co. LLC, RBC Capital Markets LLC, Standard Chartered
|
| Coupon: | 1.625%
|
| Spread: | Mid-swaps plus 1 bp
|
| Trade date: | Feb. 13
|
| Settlement date: | Feb. 17
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Total issue size: | $1.25 billion
|
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