EBRD could sell three-year global notes at mid-swaps plus 2 bps area

By Devika Patel

Knoxville, Tenn., April 18 – The European Bank for Reconstruction and Development (Aaa/AAA/AAA) plans to price global benchmark notes due April 26, 2021, according to a market source on Wednesday.

Price talk is in the mid-swaps plus 2 basis points area.

BNP Paribas Securities Corp., BofA Merrill Lynch, HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC are the bookrunners.

Pricing is expected on Thursday. Settlement is expected April 26.

The financial institution is based in London.

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