New Issue: EBRD prices $500 million floaters due 2020 at Libor plus 1 bp

By Cristal Cody

Tupelo, Miss., July 12 – The European Bank for Reconstruction and Development (Aaa/AAA/AAA) priced $500 million of three-year global floating-rate notes in line with talk at Libor plus 1 basis point on Wednesday, according to a market source.

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

The financial institution is based in London.

Issuer:	European Bank for Reconstruction and Development
Amount:	$500 million
Description:	Global floating-rate notes
Maturity:	Nov. 19, 2020
Bookrunners:	BofA Merrill Lynch, HSBC Bank plc and RBC Capital Markets, LLC
Coupon:	Libor plus 1 bp
Trade date:	July 12
Ratings:	Moody’s: Aaa
	S&P: AAA
	Fitch: AAA
Price talk:	Libor plus 1 bp area

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