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Thursday, August 17, 2017

Multinational bank issues $1.25 billion global bond

The European Bank for Reconstruction and Development (EBRD) recently launched a $1.25 billion four-year global bond that pays 2 percent per year, payable twice a year.

The EBRD is a triple-A-rated financial institution owned by more than five dozen countries, the European Union and the European Investment Bank. It invests in market-oriented economies and promotes initiatives in many countries in both private and entrepreneurial ventures.

The bond matures Feb. 1, 2021, and is listed on the London Stock Exchange.Interest and momentum grew rapidly once the bond launched, reflecting strong investor support. The transaction drew global interest, with investments coming from Europe, the Americas, Asia, the Middle East and Africa.

Organizations in this story

European Bank for Reconstruction and Development One Exchange Square London EC2A 2JN United Kingdom

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