EBRD attracts new blood with Sofr debut

EBRD 230x150
By Mike Turner
21 Aug 2019

The European Bank for Reconstruction and Development had a triumphant debut deal linked to Sofr this week, with the borrower drawing new investors that had never been in its books before.

EBRD printed a $600m 2022 trade in line with initial price thoughts at Sofr plus 26bp. All but one dollar trade this week priced at the same levels as price thoughts.

“Getting anything to move in with dollars is a challenge at the moment,” said a banker off the ...

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