Published: May 16, 2014
€350mn issuance takes bank’s total year-to-date to €2.5bn.
The European Investment Bank (EIB) has completed its sixth tap of last year’s groundbreaking green bond – which was then the largest such issuance denominated in euros and is now the largest in any currency.
This €350mn (US$479mn) tap, which carries a coupon of 1.375%, takes the EIB’s green-bond issuance so far this year to more than €2.5bn across six currencies. The money raised will be used by the EIB, the bank of the European Union, to back renewable-energy and energy-efficiency projects.
The original bond raised €650mn in July 2013. Lead managers for this week’s tap were Citi, HSBC, LBBW, Natixis and UniCredit.
In March the EIB issued the first green bond in the Samurai market – yen-denominated bonds sold to Japanese investors. See our report on that transaction here.