EBRD to price $300 million four-year notes at Libor plus 1 bp area

By Cristal Cody

Tupelo, Miss., May 2 – The European Bank for Reconstruction and Development (Aaa/AAA/AAA) plans to price $300 million of four-year global floating-rate notes on Thursday, according to a market source.

The notes were initially talked to price in the Libor plus 1 basis point area.

BofA Merrill Lynch, BMO Capital Markets Corp. and SG Americas Securities LLC are the bookrunners.

The financial institution is based in London.

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