Published: August 30, 2013
EU bank’s three-year issuance is its fifth dollar deal of the year.
The European Investment Bank, a non-profit arm of the European Union, has priced US$3bn of global bonds with a three-year tenor. The paper was priced at mid-swaps plus six basis points, in line with original guidance. The issue pays a semi-annual coupon of 1.125% and matures on December 15, 2016.
Lead managers of the offer were Deutsche Bank, HSBC and JP Morgan, with Barclays, BNP Paribas, Bank of America Merrill Lynch, CA CIB and Morgan Stanley acting as co-managers.
This is the EIB’s fifth US dollar global bond of the year, the last being issued in May.