EIB in the news

  • Funding scorecard: European supranationals and agencies

    This week's funding scorecard looks at the progress European supranationals and agencies have made during the first three weeks of the year.

    • 20 Jan 2017
  • EIB EUR5bn 0.5% Jan 27

    • 19 Jan 2017
  • Emerging market currency plays bring MTN world to life

    The MTN market is rapidly making up for a sedate start to the year with a flurry of niche currency trades, including the world’s first bond in Myanmar kyats.

    • 19 Jan 2017
  • EIB shores up Polish curve with zloty print

    The European Investment Bank added a Z1.5bn ($360m) tap to its May 2021 Polish zloty bond on Wednesday. The supranational has pledged to build a curve in the currency, printing three times so far.

    • 19 Jan 2017
  • EIB finds strength at 10 years

    The European Investment Bank scored an impressive €5bn with a 10 year Earn on Wednesday.

    • 18 Jan 2017
  • Logjam a risk in crowded SSA market

    Public sector borrowers may have to compete for demand this week with Wednesday looking likely to be one of the busiest days of the year.

    • 18 Jan 2017
  • EIB to tap Polish fives

    The European Investment Bank plans to tap its May 2021 Polish zloty bond on Wednesday, after mandating banks for a deal on Tuesday.

    • 17 Jan 2017
  • Borrowers crowd into euros as EIB aims for long end

    The pipeline for euro issuance is filling up once again as the European Investment Bank looks to raise funds at 10 years, although a deal from KfW on Tuesday appeared to struggle to reach €1bn.

    • 17 Jan 2017
  • Five alive! AFD scores with five year

    Agence Française de Développement made its 2017 debut with a €1.5bn five year on Wednesday, but longer dated euro deals seem to be struggling as European Investment Bank found with a April 2032 tap.

    • 11 Jan 2017
  • ADB stutters in dollar 10s, short end sparkles

    Hopes that spiralling US Treasury yields could lead to a healthy year for 10 year dollar benchmarks from SSA borrowers took a beating this week when the Asian Development Bank bellyflopped with its own attempted entry. Craig McGlashan reports.

    • 05 Jan 2017
  • EIB USD4bn 2.25% Mar 22

    • 05 Jan 2017
  • EIB GBP1bn 0.625% Jan 20

    • 05 Jan 2017
  • EIB sets sterling on rush to record

    A remarkable sterling deal from the European Investment Bank sparked off a week that could become a record opener for supranational and agency issuance in the currency.

    • 05 Jan 2017
  • EIB and Cades get flexible in dollars

    A pair of public sector borrowers switched up their approaches in dollars on Thursday, with the European Investment Bank taking the rare move of revising pricing and Caisse d’Amortissement de la Dette Sociale bringing a trade earlier than normal.

    • 05 Jan 2017
  • ADB falls short in 10s amid murmurs over pricing

    A dual tranche global deal from the Asian Development Bank on Wednesday at least temporarily dashed hopes that this year could be strong for 10 year dollar benchmark issuance — although some bankers away from the trade felt that the problems were idiosyncratic rather than reflective of demand.

    • 04 Jan 2017
  • EIB cracks open sterling with a cracker

    The European Investment Bank set a marker on Wednesday that sterling issuance could be just as hot this month as it was in January last year — as another pair of issuers hoped to add further evidence of that this week.

    • 04 Jan 2017
  • SSAs strike cautious note despite strong pipeline

    SSA borrowers have wasted no time in approaching the primary market this year and the early pipeline appears strong. But as buoyant as conditions appear, there was evidence to suggest investors will not be buying everything thrown their way at any old price.

    • 04 Jan 2017
  • KommuneKredit and ADB to start dollar SSA market

    KommuneKredit and the Asian Development Bank (ADB) will reopen the dollar market for SSA borrowers on Wednesday. Meanwhile, the EIB is lining up to perform the same service in sterling bonds.

    • 03 Jan 2017
  • Citi, EIB, EBRD back Greek SME ABS

    Alpha Bank has placed a Greek SME CLO with Citi, the European Investment Bank, and the European Bank for Reconstruction and Development.

    • 22 Dec 2016
  • European Investment Fund signs capital relief deal with RBS

    The European Investment Fund (EIF) said on Wednesday that it signed a securitization guarantee deal with RBS, giving the UK lender capital relief on a £432m portfolio of healthcare loans.

    • 21 Dec 2016
  • EIB leaves 2017 target unchanged despite lower redemptions

    The European Investment Bank will have a funding target of €60bn for 2017, exactly in line with its goal for this year. The figure comes despite EIB having €56.1bn of redemptions next year, down from €65.7bn in 2016.

    • 19 Dec 2016


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 data

Dealer League Table EIB

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jan 2017
1 HSBC 1,843.59 3 24.89%
1 Barclays 1,843.59 3 24.89%
3 JPMorgan 1,431.52 4 19.33%
4 SEB 334.51 1 4.52%
5 TD Securities Inc 325.08 4 4.39%
Key officials Philippe de Fontaine Vive Curtaz: vice president
László Baranyay: vice president
Dario Scannapieco: vice president
Magdalena Alvarez Arza : vice president
Jonathan Taylor: vice president
Wilhelm Molterer: vice president
Pim Van Ballekom: vice president
Mihai Tanasescu: vice president
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: 16.1% each
Spain:  9.7%
Belgium, Netherlands:  4.5% each
Others:  21.4%
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
  • 17 Jan 2017
1 Morgan Stanley 1,158.55 2 14.54%
1 JPMorgan 1,158.55 2 14.54%
1 HSBC 1,158.55 2 14.54%
4 Bank of America Merrill Lynch 1,018.09 1 12.78%
5 Danske Bank 662.83 1 8.32%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Goldman Sachs 3,533.69 6 12.02%
2 JPMorgan 3,387.74 5 11.52%
3 HSBC 3,118.62 6 10.60%
4 Citi 3,063.28 6 10.42%
5 TD Securities Inc 2,869.30 6 9.76%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 10 Jan 2017
1 JPMorgan 3,111.53 5 17.78%
2 Bank of America Merrill Lynch 2,735.23 4 15.63%
3 HSBC 2,589.66 3 14.80%
4 LBBW 2,024.41 4 11.57%
5 Barclays 1,213.11 3 6.93%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 HSBC 8,562.94 16 11.90%
2 JPMorgan 7,530.41 18 10.46%
3 Barclays 7,389.83 18 10.27%
4 Bank of America Merrill Lynch 6,234.66 16 8.66%
5 Citi 4,953.38 17 6.88%