Distribution Report by Development Bank - Form DSTRBRPT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

100 F Street, N.E.

Washington, D.C. 20549

REPORT OF

EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT

In respect of the issue of

TRY 3,500,000,000 Zero Coupon Notes due 12 April 2027 (the "Notes") (to be consolidated and form a single series with the Bank's TRY 1,000,000,000 Zero Coupon Notes due 12 April 2027 issued on 12 April 2022, the Bank's TRY 2,000,000,000 Zero Coupon Notes due 12 April 2027 issued on 28 September 2023, the Bank's TRY 1,250,000,000 Zero Coupon Notes due 12 April 2027 issued on 26 February 2024, the Bank's TRY 1,000,000,000 Zero Coupon Notes due 12 April 2027 issued on 15 May 2024 and the Bank's TRY 500,000,000 Zero Coupon Notes due 12 April 2027 issued on 28 May 2024)

by the European Bank for Reconstruction and Development pursuant to its EUR 60,000,000,000 Global Medium Term Note Programme

Filed pursuant to Rule 3 of Regulation EBRD

Dated 20 August 2024

The following information is filed pursuant to Rule 3 of Regulation EBRD in respect of the issue of the Turkish Lira ("TRY") 3,500,000,000 Zero Coupon Notes due 12 April 2027 (payable in USD) (the "Notes") (to be consolidated and form a single series with the Bank's TRY 1,000,000,000 Zero Coupon Notes due 12 April 2027 issued on 12 April 2022, the Bank's TRY 2,000,000,000 Zero Coupon Notes due 12 April 2027 issued on 28 September 2023, the Bank's TRY 1,250,000,000 Zero Coupon Notes due 12 April 2027 issued on 26 February 2024, the Bank's TRY 1,000,000,000 Zero Coupon Notes due 12 April 2027 issued on 15 May 2024 and the Bank's TRY 500,000,000 Zero Coupon Notes due 12 April 2027 issued on 28 May 2024) of the European Bank for Reconstruction and Development (the "Bank") pursuant to the Bank's EUR 60,000,000,000 Global Medium Term Note Programme. As authorized by Rule 4 of Regulation EBRD, certain information is to be provided in the form of an Offering Circular dated 3 July 2012, as supplemented by the Supplementary Offering Circular dated 22 July 2019, the Supplementary Offering Circular dated 13 June 2024 and a Pricing Supplement dated 20 August 2024 (together, the "Offering Circular").

Item 1. Description of Obligations

The Notes, the terms of which are described in the Offering Circular, will constitute direct and unsecured obligations of the Bank and will rank pari passu without any preference among themselves, and, subject to certain conditions set forth in the Offering Circular, equally with all its other unsecured and unsubordinated obligations. Citibank, N.A. will act as Agent and Registrar of the Bank in respect of the Notes.

Item 2. Distribution of Obligations

Further to a Purchaser's Confirmation dated 20 August 2024 (the "Purchaser's Confirmation") provided by J.P. Morgan Securities plc ("J.P. Morgan") pursuant to a Programme Agreement dated 3 July 2012 (the "Programme Agreement"), J.P. Morgan has agreed to purchase the Notes. The obligations of J.P. Morgan are subject to certain conditions as set forth in the Purchaser's Confirmation and the Programme Agreement.

Item 3. Distribution Spread

	Price to the Public	Selling Discounts and Commissions	Net Proceeds to the Bank
Per Unit	46.47%	N/A	46.47%
Total	TRY 1,626,450,000.00	N/A	TRY 1,626,450,000.00(1)

(1) Payable in U.S. Dollars ("USD") in the amount of USD 48,391,847.66.

Item 4. Discounts and Commissions to Sub-Underwriters and Other Dealers

None.

Item 5. Other Expenses of Distribution

J.P. Morgan has agreed to pay the fees and expenses of its own legal advisers; the fees and expenses of Citibank, N.A. and any paying agents; the fees and expenses of Cleary Gottlieb Steen & Hamilton LLP, legal advisers to the Bank in connection with the necessary United States filing; all expenses in connection with the issue, authentication, packaging and initial delivery of the Notes and the preparation of the registered notes, the preparation and printing of the Notes (except any definitive notes), the relevant Pricing Supplement and any amendments or supplements thereto, if any; and the cost of any publicity agreed by the Bank in connection with the issue of the Notes, as set forth in the Purchaser's Confirmation.

Item 6. Application of Proceeds

The net proceeds to the Bank from the sale of the Notes will be included in the ordinary capital resources of the Bank and used in its ordinary operations as described in the Offering Circular.

Item 7. Exhibits

(a)	The Deed of Covenant dated 3 July 2012.*
(b)	Copy of an opinion of counsel as to the legality of the Notes dated 3 July 2012.*

(c)

(i)

The Programme Agreement dated 3 July 2012.*

(ii)	The Purchaser's Confirmation dated 20 August 2024.

(iii)

The Agency Agreement dated 3 July 2012.*

(d)

(i)

The Offering Circular dated 3 July 2012.*

	(ii)	The Supplementary Offering Circular dated 22 July 2019.**
	(iii)	The Supplementary Offering Circular dated 13 June 2024.***

(iv)	The Pricing Supplement dated 20 August 2024.

*Previously filed with the Securities and Exchange Commission on 17 July 2012.

** Previously filed with the Securities and Exchange Commission on 27 August 2019.

*** Previously filed with the Securities and Exchange Commission on 1 July 2024.

Public link

Please use the above public link if you want to share this noodl on another website.