EIB stands out with 3 year choice, gets halfway for 2012
The European Investment Bank this week took advantage of continued demand for triple-A dollar assets and a lack of three year SSA supply to issue a new $3.5bn three year global bond. It is the first three year supranational trade of the year with many EIB counterparts focusing on five year maturities.
The issuer also raised 1bn of 30 year money, 400m through a floater tap and A$600m in the Kangaroo market, the combination of which takes the issuer close to 50% complete on its programme target for 2012 of 60bn.
Barclays Capital, Deutsche Bank and Goldman Sachs were awarded the
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