New Issue: EBRD sells $250 million tap of 1.75% notes due 2019 at mid-swaps flat

By Aleesia Forni

Virginia Beach, June 10 – The European Bank for Reconstruction and Development (EBRD) priced a $250 million add-on to its existing 1.75% five-year notes (Aaa/AAA/AAA) to yield mid-swaps flat, according to a market source.

BofA Merrill Lynch, Standard Chartered and TD Securities were the bookrunners.

The original $1 billion issue priced to yield mid-swaps plus 1 basis point on April 8.

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

Issuer:	European Bank for Reconstruction and Development
Amount:	$250 million
Description:	Add-on to notes due 2019
Maturity:	June 14, 2019
Bookrunners:	BofA Merrill Lynch, Standard Chartered, TD Securities
Coupon:	1.75%
Spread:	Mid-swaps flat
Trade date:	June 10
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA
Total issue size:	$1.25 billion, including $1 billion priced April 8

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