EIB completes a second consecutive 6bn bond offering with a successful new EUR 10y EARN benchmark
Luxembourg, Jan. 8 -- On Wednesday 7th of January, the European Investment Bank ('EIB') priced a new EUR 6bn 10-year EARN benchmark due 14th of January 2036. The bond pays an annual coupon of 3.000% and has an issue price of 99.541%, providing a spread of +24.4 bps over the BUND 2.600% due 15th August 2035.The mandate for the transaction was announced on Tuesday 6th of January. Books formally opened the following day with price guidance at mid-swaps +22 bps area. Mid-morning, on the back of a solid orderbook, the spread was set at mid-swaps +19 bps, 3 bps inside initial guidance and the transaction was sized at EUR 6bn. The order book closed in excess of EUR 60bn (including EUR 1.9bn JLM interest), being over 10x oversubscribed.Including th...
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