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Published on 4/11/2008 in the Prospect News Emerging Markets Daily.

New Issue: EBRD reopens its 9% notes due 2010 for 50 million real

By Aaron Hochman-Zimmerman

New York, April 11 - The European Bank for Reconstruction and Development (Aaa/AAA/AAA) reopened its 9% notes due 2010 for 50 million real, pricing the add on at 97.1, according to a press release.

The offer brings the total amount issued to 125 million real.

TD Securities acted as bookrunner for the Regulation S deal.

Proceeds from the sale will be used for general corporate purposes.

EBRD is a London-based development bank focused on Eastern Europe and the Commonwealth of Independent States.

Issuer:European Bank for Reconstruction and Development
Amount:50 million real
Issue:Reopening of notes due 2010
Maturity:August 24, 2010
Coupon:9%
Price:97.1
Bookrunner:TD Securities
Pricing date:April 11
Settlement date:April 15
Distribution:Regulation S
Ratings:Moody's: Aaa
Standard & Poor's: AAA
Fitch: AAA

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