EIB scores super tight spread with five year dollar deal
The European Investment Bank shrugged off any concerns over the divisions between the governments of Spain and Catalonia and the skinny spreads on offer, printing $3bn at one of the tightest spreads of the year.
Leads Barclays, JP Morgan and TD Securities received what one lead called a “phenomenal response” of $5.8bn in indications of interest. The spread was swiftly set at 8bp, but the book continued to grow to $7.7bn.
A head of SSA DCM at one of
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