New Issue: EBRD prices $600 million of floaters due 2022 at SOFR plus 26 bps

By Cristal Cody

Tupelo, Miss., Aug. 21 – European Bank for Reconstruction and Development (Aaa/AAA/AAA) priced $600 million of global floating-rate notes due Aug. 19, 2022 on top of guidance at the Secured Overnight Financing Rate plus 26 basis points on Wednesday, according to a market source.

BMO Capital Markets Corp., Nomura Securities International, plc and Wells Fargo Securities, LLC were the bookrunners.

The financial institution is based in London.

Issuer:	European Bank for Reconstruction and Development
Amount:	$600 million
Description:	Global floating-rate notes
Maturity:	Aug. 19, 2022
Bookrunners:	BMO Capital Markets Corp., Nomura Securities International, plc and Wells Fargo Securities LLC
Coupon:	SOFR plus 26 bps
Trade date:	Aug. 21
Ratings:	Moody’s: Aaa
	S&P: AAA
	Fitch: AAA
Price talk:	SOFR plus 26 bps area

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