By Aleesia Forni
Virginia Beach, Feb. 12 – The European Bank for Reconstruction and Development sold $1 billion of 1.875% seven-year notes on Thursday at mid-swaps plus 1 basis point, according to a market source.
Pricing was in line with talk.
The notes (Aaa/AAA/AAA) sold at 99.733.
Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC and TD Securities were the bookrunners.
The lender to banks, businesses and industries is based in London.
| Issuer: | European Bank for Reconstruction and Development
|
| Amount: | $1 billion
|
| Description: | Notes
|
| Maturity: | Feb. 23, 2022
|
| Bookrunners: | Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, TD Securities
|
| Coupon: | 1.875%
|
| Price: | 99.733
|
| Spread: | Mid-swaps plus 1 bp
|
| Trade date: | Feb. 12
|
| Settlement date: | Feb. 23
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Fitch: AAA
|
| Price talk: | Mid-swaps plus 1 bp area
|
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