New Issue: EBRD prices $225 million tap of 1.75% notes due 2019 at mid-swaps minus 2 bps

By Aleesia Forni

Virginia Beach, Sept. 10 – The European Bank for Reconstruction and Development (EBRD) priced a $225 million add-on to its existing 1.75% notes (Aaa/AAA/AAA) due June 14, 2019 at 99.61 to yield mid-swaps minus 2 basis points, according to a market source.

BNP Paribas Securities Corp., Credit Suisse Securities and HSBC Securities were the bookrunners.

Total issue size is now $1,475,000,000, including $1.25 billion priced in two previous tranches.

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

Issuer:	European Bank for Reconstruction and Development
Amount:	$225 million
Description:	Add-on to notes due 2019
Maturity:	June 14, 2019
Bookrunners:	BNP Paribas Securities Corp., Credit Suisse Securities, HSBC Securities
Coupon:	1.75%
Price:	99.61
Spread:	Mid-swaps minus 2 bps
Trade date:	Sept. 10
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA
Total issue size:	$1,475,000,000, including $1.25 billion priced in two previous tranches

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