New Issue: EBRD prices $1 billion 1.75% five-year notes at mid-swaps plus 1 bp spread

By Aleesia Forni

Virginia Beach, April 8 - The European Bank for Reconstruction and Development (EBRD) priced $1 billion of 1.75% five-year notes (Aaa/AAA/AAA) at 99.54 to yield mid-swaps plus 1 basis point, according to a market source.

The bookrunners were Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities and Morgan Stanley & Co. LLC.

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

Issuer:	European Bank for Reconstruction and Development
Amount:	$1 billion
Description:	Notes
Maturity:	June 14, 2019
Bookrunners:	Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities, Morgan Stanley & Co. LLC
Coupon:	1.75%
Price:	99.54
Spread:	Mid-swaps plus 1 bp
Trade date:	April 8
Settlement date:	April 15
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA
Price talk:	Mid-swaps plus 1 bp

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