New Issue: EBRD prices $1 billion 2% four-year notes at 51.15 bps over Treasuries

By Cristal Cody

Eureka Springs, Ark., Jan. 25 – The European Bank for Reconstruction and Development sold $1 billion of 2% four-year global notes with a spread of 51.15 basis points over Treasuries on Wednesday, according to a market source.

The notes (Aaa/AAA/AAA) are due Feb. 1, 2021.

BofA Merrill Lynch, Barclays, BMO Capital Markets Corp. and Morgan Stanley & Co. LLC were the lead managers.

The financial institution is based in London.

Issuer:	European Bank for Reconstruction and Development
Amount:	$1 billion
Description:	Global notes
Maturity:	Feb. 1, 2021
Bookrunners:	BofA Merrill Lynch, Barclays, BMO Capital Markets Corp., Morgan Stanley & Co. LLC
Coupon:	2%
Spread:	Treasuries plus 51.15 bps
Trade date:	Jan. 25
Ratings:	Moody’s: Aaa
	S&P: AAA
	Fitch: AAA
Distribution:	Global

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