|
EBRD launches Zloty 1 billion one-year global bond
The European Bank for Reconstruction and Development (EBRD) issued this afternoon the first Zloty 1 billion (€258 million) Global bond. The bond has a one-year maturity and pays a coupon of 19.00 per cent with a reoffer price of 100 per cent.
The lead manager is Merrill Lynch International London. The issue will be documented under the EBRD's medium-term note programme and will be listed on the London Stock Exchange. Clearing centres will be DTC, Euroclear and Clearstream. Bond prices will be quoted on Reuters page MLLCT4.
"By issuing this Global bond, the EBRD is offering a liquid product which facilitates institutional investors’ involvement in the Polish Zloty market" said Marcus Fedder, Treasurer of the EBRD. "We have seen a lot of interest across Europe and the US from institutional investors and this issue is designed to meet their demand."
|
