UK markets closed

Books for EBRD Environmental Sustainability over USD1bn

LONDON, Feb 6 (IFR) -

* Books USD1bn+, closing for EMEA/Asia at 9:50am. (9:31am)

* Spread set at MS+7. Books USD725m+. (8:46am)

* Books open at MS+8 area, still USD500m. Pricing today. (8:04am)

* IPTs MS+8 area for USD500m. Pricing Thurs. Due 13 Feb 2025, pay 13 Feb, GMTN docs, English law, LSE listing, 1k denoms. (Feb 5)

The European Bank for Reconstruction and Development (EBRD), rated Aaa/AAA/AAA (with stable outlook), has mandated BofA Securities, Credit Agricole CIB and Morgan Stanley for a new USD denominated 5-year Fixed Rate Global (SEC Exempt) Benchmark Environmental Sustainability Bond under EBRD’s Green Bond Programme. The transaction will be launched in the near future, subject to market conditions. The manufacturer target markets (MIFID II product governance) are Professional Clients, Eligible Counterparties & Retail (all distribution channels). Issued off the Issuer's Global Medium Term Note Programme. FCA/ICMA stabilisation. (Feb 5)

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