By Cristal Cody
Tupelo, Miss., Sept. 28 – The European Bank for Reconstruction and Development (Aaa/AAA/AAA) priced a $500 million offering of 1.875% global green bonds due July 15, 2021 on Thursday at mid-swaps plus 3 basis points, or a spread of Treasuries plus 33.2 bps, according to a market source.
The bonds were initially talked to price in the mid-swaps plus 4 bps area.
Barclays, Citigroup Global Markets and Credit Agricole CIB were the lead managers.
The financial institution is based in London.
| Issuer: | European Bank for Reconstruction and Development
|
| Amount: | $500 million
|
| Description: | Global green bonds
|
| Maturity: | July 15, 2021
|
| Bookrunners: | Barclays, Citigroup Global Markets and Credit Agricole CIB
|
| Coupon: | 1.875%
|
| Spread: | Mid-swaps plus 3 bps, or Treasuries plus 33.2 bps
|
| Trade date: | Sept. 28
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Fitch: AAA
|
| Price talk: | Mid-swaps plus 4 bps area
|
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