By Cristal Cody
Tupelo, Miss., March 14 – The European Bank for Reconstruction and Development sold $500 million of three-year floating-rate global notes at Libor flat on Tuesday, according to a market source.
The notes (Aaa/AAA/AAA) priced in line with talk.
BofA Merrill Lynch, Barclays and Citigroup Global Markets Inc. were the bookrunners.
The financial institution is based in London.
| Issuer: | European Bank for Reconstruction and Development
|
| Amount: | $500 million
|
| Description: | Floating-rate global notes
|
| Maturity: | March 23, 2020
|
| Bookrunners: | BofA Merrill Lynch, Barclays, Citigroup
|
| Coupon: | Libor flat
|
| Trade date: | March 14
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Fitch: AAA
|
| Distribution: | Global
|
| Price guidance: | Libor flat area
|
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