EBRD talks $500 million three-year floaters at Libor plus 1 bp area

By Cristal Cody

Tupelo, Miss., July 11 – The European Bank for Reconstruction and Development (Aaa/AAA/AAA) plans to price $500 million of new three-year global floating-rate notes on Wednesday, according to a market source.

The notes due July 19, 2020 were initially talked to price in the Libor plus 1 basis point area.

BofA Merrill Lynch, HSBC Bank plc and RBC Capital Markets, LLC are the lead managers.

The financial institution is based in London.

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