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EBRD talks $500 million five-year green climate resilience bonds at mid-swaps plus 16 bps area
By Cristal Cody
Tupelo, Miss., Sept. 19 – European Bank for Reconstruction and Development (Aaa/AAA/AAA) plans to price $500 million of five-year green climate resilience bonds on Friday, according to a market source.
The notes due Sept. 27, 2024 were initially talked to price in the mid-swaps plus 16 basis points area.
BNP Paribas Securities Corp., Goldman Sachs International and Skandinaviska Enskilda Banken are the bookrunners.
The bonds are expected to settle on Sept. 27.
Proceeds will be used to support climate resilient projects.
The financial institution is based in London.
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