EBRD ups size in euros after coming ahead of pack

EBRD 230x150
By Craig McGlashan
03 Jan 2019

The European Bank for Reconstruction and Development on Thursday nipped in front of an expected glut of euro supply next week and was rewarded as it increased a green bond from its original size target and tightened pricing.

Leads Bank of America Merrill Lynch, Crédit Agricole and Morgan Stanley priced a €600m five year global green bond, after starting proceedings looking for €500m.

“It seemed a very quick execution ahead of the expected busy pipeline next week,” said an SSA syndicate ...

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