EIB brings 30 yr dollar supras back to life in $1bn tour de force via JPM, ML
The European Investment Bank sold its first 30 year dol lar bond this week, in a $1bn deal that achieved tight funding and could lead to a revival of 30 year issuance in dollars by top-rated borrowers.
The ground-breaking transaction, led by JP Morgan and Merrill Lynch, is the fruit of a plan conceived when the US Treasury announced last year that it would revive its 30 year 'long bond'.
The first new 30 year Treasuries for four years were issued in a $14bn auction two
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