New Issue: EBRD prices $1 billion 1.5% five-year notes at 22.5 bps spread

By Cristal Cody

Eureka Springs, Ark., Oct. 26 – The European Bank for Reconstruction and Development sold $1 billion of 1.5% five-year global notes with a spread of 22.5 basis points over Treasuries on Wednesday, according to a market source.

The notes (Aaa/AAA/AAA) are due Nov. 2, 2021.

BofA Merrill Lynch, Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and TD Securities (USA) LLC were the lead managers.

The financial institution is based in London.

Issuer:	European Bank for Reconstruction and Development
Amount:	$1 billion
Maturity:	Nov. 2, 2021
Securities:	Global notes
Bookrunners:	BofA Merrill Lynch, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., TD Securities (USA) LLC
Coupon:	1.5%
Spread:	Treasuries plus 22.5 bps
Trade date:	Oct. 26
Ratings:	Moody’s: Aaa
	S&P: AAA
	Fitch: AAA

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