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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