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EBRD talks $350 million add-on to floating-rate notes due August 2022 at SOFR plus 26 bps area
By Cristal Cody
Tupelo, Miss., Oct. 10 – European Bank for Reconstruction and Development (Aaa/AAA/AAA) plans to price a $350 million add-on to its global floating-rate notes due Aug. 19, 2022 on Thursday, according to a market source.
The notes are initially talked to price at the Secured Overnight Financing Rate plus 26 basis points area.
Morgan Stanley & Co. LLC and TD Securities (USA) LLC are the bookrunners.
EBRD first priced $600 million of the notes on Aug. 21 at SOFR plus 26 bps.
The financial institution is based in London.
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