EIB tempts Aussies with green Kangaroo
The European Investment Bank tapped its January 2028 Australian dollar Climate Awareness Bond on Wednesday. The bond’s green credentials attracted investors rarely seen that far along the credit curve, a promising sign of the market’s maturity.
“The investor base for EIB’s Climate Awareness Bond is broader than for typical Kangaroo issues in the long end,” said Mark Yeomans, executive director of public sector origination at Nomura.
Leads JP Morgan
circulated initial price thoughts of 54bp over mid-swaps for the A$200m ($160m) 3.3% January
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