EIB in the news

  • EIB taps zloty bond amid ‘structural shortage’

    The European Investment Bank tapped its 2021 bond on October 18, addressing a lack of Polish zloty bonds in the market.

    • 11:15 AM
  • BondMarker results: French agencies meet mixed reviews

    The scores have been counted and the results are in. The BondMarker voters have delivered their verdict on last week's crop of benchmarks, including a scintillating pair of deals from supranationals. Two deals from French agencies met with drastically different levels of approval from the BondMarker voters, but both fared better than Land NRW.

    • 19 Oct 2017
  • SRI bonds advance despite market divisions on green

    Despite nearly $100bn of issuance this year, the product continues to divide borrowers including sovereign issuers who have so far been reluctant

    • 14 Oct 2017
  • Multilaterals urged to speed up to stay relevant in crowded world

    In a series of interviews with GlobalMarkets, multilateral development chiefs set out their vision to become faster institutions that work with the private sector to deliver development finance more effectively

    • 14 Oct 2017
  • Europe 'falling behind' warns EIB chief as leaders look to build own IMF

    The head of the EIB tells GlobalMarkets that Europe must urgently address a woeful lack of competitiveness as some countries raised the idea of an IMF body for the 28-nation zone

    • 14 Oct 2017
  • EIB USD3bn 2% Oct 22

    • 12 Oct 2017
  • Mixed results for SSAs in super-tight dollars

    While the dollar market produced one of its strongest deals of the year on Wednesday, another deal enjoyed markedly less success on the day, indicating that investors’ tolerance for tight levels may be becoming stretched.

    • 12 Oct 2017
  • EIB and Land NRW ready dollar deals

    The European Investment Bank (EIB) and the German State of North Rhein-Westphalia (Land NRW) have picked banks for dollar benchmarks expected to hit the market on Wednesday.

    • 10 Oct 2017
  • Supras widen niche horizons with MTNs

    Supranationals have delivered a spurt of niche currency medium term notes, returning to old favourites like South African rand as well as making use of demand for more exotic currencies, particularly in Latin America.

    • 05 Oct 2017
  • EIB readies sterling tap

    The European Investment Bank (EIB) has picked two banks to run the books for its eighth sterling trade of the year.

    • 03 Oct 2017
  • Piraeus Bank to issue €500m covered bond

    Piraeus Bank will privately place a €500m five year covered bond to three supranational agencies in order to support €700m of new lending to small and medium sized companies across Greece.

    • 29 Sep 2017
  • SSAs sowing the seeds of green pricing performance

    The much sought after trend for green bonds to outperform conventional paper in secondary trading is now a reality, according to public sector borrowers — but perhaps only for those with enough dots on their green curves to provide a comparison.

    • 29 Sep 2017
  • SSAs push Kangas over 2016 heights

    A flurry of large trades from the European Investment Bank (EIB), the International Finance Corporation (IFC) and the World Bank helped push overall Kangaroo volume so far this year higher than those seen for the whole of 2016.

    • 28 Sep 2017
  • Investors pile into white hot SSA market but future looks green

    Investors are packing order books for public sector syndications this week, striving to pick up what may be a dwindling pool of conventional assets. With much of their funding for the year done, borrowers are turning to the green bond market.

    • 27 Sep 2017
  • Green bond curves ripen as corporates build out

    Engie, the French energy group, priced its second green bond transaction of 2017 on Tuesday. The triple trancher contained two green clips and took the issuer’s tally to six different green bonds. As issuers start to establish genuine green curves, they are starting to create their own sector, writes Nigel Owen.

    • 21 Sep 2017
  • 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.

    • 20 Sep 2017
  • EIB looks for Kanga green buyers

    The European Investment Bank opened a tap to its January 2028 Australian dollar Climate Awareness Bond on Tuesday.

    • 19 Sep 2017
  • Funding scorecard: supranationals

    This week's scorecard looks at the progress supranationals have made in their funding programmes this year.

    • 18 Sep 2017
  • EIB EUR3bn 0.05% Dec 23

    • 14 Sep 2017
  • EIB and FMS-W offer investors last taste

    Two high quality euro borrowers printed what may be among their last benchmarks of the year this week, squeezing new issue premiums flat to the curve as investors filled their boots.

    • 14 Sep 2017
  • EIB lands €3bn deal 2bp inside guidance

    The European Investment Bank raised €3bn with a December 2023 EARN on Wednesday, coming hot on the heels of Austria's €7.5bn dual tranche, but the flow of euro deals appears to be abating with no borrowers hitting screens for Thursday.

    • 13 Sep 2017


EIB data breakdown

Sources: EIB, Dealogic

Credit rating Aaa/AAA/AAA
Basel II risk weighting
0%
Headquarters
98-100, 
Boulevard Konrad Adenauer,
L-2950,
Luxembourg


EIB

Dealer League Table EIB

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 7,286.38 70 12.54%
2 Barclays 5,961.21 13 10.26%
3 Goldman Sachs 5,100.88 11 8.78%
4 Citi 4,643.20 32 7.99%
5 TD Securities Inc 4,016.68 36 6.91%
Key officials
  • Eila Kreivi, director, head of capital markets department
  • Sandeep Dhawan, head of funding, Americas, Asia, Pacific
  • Carlos Ferreira da Silva, head of funding, euros
  • Richard Teichmeister, head of funding, Europe (ex. euros), Africa
Guarantee EU sovereign shareholders are legally bound to pay callable capital of €221.585bn on EIB demand, if required to meet financial obligations.
Ownership
structure
The shareholders of the European Investment Bank are the 28 Member States of the European Union. Each Member State’s share in the bank’s capital is based on its economic weight within the European Union (expressed in GDP) at the time of its accession.

France, Germany, Italy, UK: 16.11% each
Spain:  9.67%
Belgium, Netherlands:  4.47% each
Others:  16.95%
Private placement
policy
  • Minimum size of $10m eqv.
  • Can print interest rate linked and equity index linked structures, but not single stock linked
  • Minimum tenor is callable structures with minimum non-call period of one year
  • Can print in a wide range of currencies

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 17,773.39 25 9.05%
2 HSBC 16,094.53 24 8.19%
3 BNP Paribas 14,513.99 21 7.39%
4 Barclays 14,014.48 21 7.13%
5 Goldman Sachs 13,328.33 24 6.78%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 48,143.17 117 11.92%
2 Citi 45,631.49 117 11.30%
3 HSBC 32,619.65 76 8.08%
4 Bank of America Merrill Lynch 31,796.56 92 7.88%
5 Deutsche Bank 26,169.34 61 6.48%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 32,369.73 94 7.26%
2 UniCredit 32,161.79 106 7.22%
3 Goldman Sachs 31,301.28 81 7.02%
4 BNP Paribas 30,965.57 63 6.95%
5 Barclays 30,125.25 71 6.76%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 86,363.02 489 7.38%
2 Citi 86,161.20 295 7.36%
3 HSBC 75,912.57 258 6.48%
4 Bank of America Merrill Lynch 62,681.73 193 5.35%
5 Barclays 59,041.67 186 5.04%