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EBRD PRICES INR ZERO COUPON URIDASHI MEDIUM TERM NOTE PRIVATE PLACEMENT

Post Date: 25 November 2021

United Kingdom based Development Bank EBRD has finalised a private placement in the INR Zero Coupon Uridashi Medium Term Note market. The financing matures in 2025. An Uridashi bond is a secondary offering of bonds outside Japan. These bonds are sold to Japanese household investors and are normally issued not in JPY but in a higher-yielding currency. Where the bond is issued in Japanese Yen, they are typically linked to a foreign currency or to an equity index like the Nikkei.

Issuer Details
Issuer European Bank for Reconstruction and Development
LEI 549300HTGDOVDU6OGK19
Industry Government - Development Bank
Country United Kingdom
Issuer Description The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the countries of the former Eastern Bloc it expanded to support development in more than 30 countries from Central Europe to Central Asia. Similar to other multilateral development banks, the EBRD has members from all over the world (North America, Africa, Asia and Australia). The largest shareholder is the United States.
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Trade Details
Amount INR [Login to see full details]
Total Amount including taps INR [Login to see full details]
Total Amount Outstanding INR [Login to see full details]
Total Order Book INR [Login to see full details]
Structure Zero Coupon
The coupon is [Login to see full details]
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Term [Login to see full details]
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Maturity Date [Login to see full details]

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An Uridashi bond is a secondary offering of bonds outside Japan. These bonds are sold to Japanese household investors and are normally issued not in JPY but in a higher-yielding currency. Where the bond is issued in Japanese Yen, they are typically linked to a foreign currency or to an equity index like the Nikkei.

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