By Cristal Cody
Tupelo, Miss., April 25 – The European Bank for Reconstruction and Development (Aaa/AAA/AAA) priced $1.5 billion of 1.625% three-year medium-term global notes on Tuesday at a spread of 23.5 basis points over Treasuries, according to a market source.
The notes are due May 5, 2020.
BofA Merrill Lynch, BNP Paribas Securities Corp., J.P. Morgan Securities LLC and TD Securities (USA) LLC were the lead managers.
The financial institution is based in London.
| Issuer: | European Bank for Reconstruction and Development
|
| Amount: | $1.5 billion
|
| Description: | Medium-term global notes
|
| Maturity: | May 5, 2020
|
| Bookrunners: | BofA Merrill Lynch, BNP Paribas Securities Corp., J.P. Morgan Securities LLC and TD Securities (USA) LLC
|
| Coupon: | 1.625%
|
| Spread: | Treasuries plus 23.5 bps
|
| Trade date: | April 25
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Fitch: AAA
|
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