EIB in the news

  • Inflation knocks shine off sterling SSA market

    A higher than expected UK inflation rate led to a sell-off in Gilts this week, a move that may put an end to what has been a remarkable run of traffic in sterling SSA bond issuance.

    • 23 Mar 2017
  • Asian interest sparks Kangaroo activity

    Japanese investors on the hunt for European SSA credit drove a flurry of long dated Australian dollar deals on Wednesday.

    • 23 Mar 2017
  • PBoC, EIB work on framework to boost green finance

    The People’s Bank of China and the European Investment Bank (EIB) have launched an initiative to develop a framework to support green finance and will publish their findings in a white paper later this year.

    • 23 Mar 2017
  • EIB and KfW scoop long end euros

    The European Investment Bank and KfW on Wednesday tapped the long end amid an otherwise quiet euro market.

    • 22 Mar 2017
  • Asian interest sparks Kangaroo activity

    Japanese investors on the hunt for European SSA credit drove a flurry of long dated Australian dollar deals on Wednesday.

    • 22 Mar 2017
  • GC BondMarker: ESM triumphs with 10 year play

    Market participants have declared a pair of supranational deals to be top banana in this week's GC BondMarker voting.

    • 16 Mar 2017
  • EIB returns to long end for green tap

    The European Investment Bank has tapped its longest green line, adding €500m to the November 2037 Climate Awareness Bond.

    • 14 Mar 2017
  • Funding scorecard: supranationals

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

    • 10 Mar 2017
  • EIB USD3bn 2.375% Jun 22

    • 09 Mar 2017
  • EIB shores up Polish curve with zloty tap

    The European Investment Bank (EIB) maintained a pledge to build a benchmark curve in Polish zloty on Thursday, returning to the market for the fourth time in a year.

    • 09 Mar 2017
  • EIB taps Polish 10s

    The European Investment Bank maintained a pledge to build a benchmark curve in Polish zloty on Thursday, returning to the market for the fourth time in a year.

    • 09 Mar 2017
  • Development banks to ramp up EM SRI bond support

    Multilateral development banks will focus more on providing credit enhancement and support to help small, emerging market borrowers bring their green bonds to market, according to the head of climate change at the European Investment Bank. Meanwhile, a French region visited the green market on Tuesday.

    • 07 Mar 2017
  • MuniFin joins EIB in dollar fives as swap spreads tighten

    Municipality Finance is set to follow the European Investment Bank into the five year part of the dollar curve, as a slight tightening in swap spreads failed to deter issuer and investor sentiment for bonds in the currency.

    • 07 Mar 2017
  • EIB back in dollar fives after Yellen drops hike hint

    The European Investment Bank is out with its second five year dollar benchmark of the year, kicking off issuance in what is likely to be the last busy week for dollars before a crucial Federal Reserve meeting next week.

    • 06 Mar 2017
  • EIB EUR5bn 0.25% Oct 24

    • 02 Mar 2017
  • Relief in euros as volatility abates

    After weeks wracked by political turbulence, the euro market has finally been able to enjoy a clean run with supportive conditions.

    • 02 Mar 2017
  • EIB storms out with €5bn

    The European Investment Bank launched a €5bn seven year benchmark on Wednesday, pulling in what two SSA syndicate bankers said is one of the largest books ever for an Earn transaction.

    • 01 Mar 2017
  • Trump speech fails to tarnish stellar SSA conditions

    Market participants have grown used to US president Donald Trump’s ability to shift markets and induce volatility with only 140 characters, but Tuesday’s address to Congress appears to have been digested without spoiling the mood in SSAs.

    • 01 Mar 2017
  • EIB to try luck in sevens

    The European Investment Bank is set to tackle the seven year part of the euro curve on Wednesday, an area that has had no issuance from SSAs since early February.

    • 28 Feb 2017
  • Bondmarker results — including Belgium’s dual tranche and EIB’s dollar three year

    The scores have been collated. See how market participants rated Belgium’s €6bnn dual tranche, EFSF’s €1.5bn 26 year, Finland’s €4.5bn note and the two dollar deals from BNG and EIB.

    • 16 Feb 2017
  • EIB USD3bn 1.75% May 20

    • 09 Feb 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 data

Dealer League Table EIB

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Mar 2017
1 JPMorgan 4,569.30 31 13.97%
2 Goldman Sachs 3,767.60 8 11.52%
3 Barclays 3,418.91 7 10.45%
4 HSBC 2,224.34 8 6.80%
5 Bank of America Merrill Lynch 2,095.42 9 6.41%
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
  • 21 Mar 2017
1 Barclays 7,850.85 11 9.64%
2 BNP Paribas 7,280.82 10 8.94%
3 JPMorgan 6,400.12 9 7.86%
4 Citi 6,397.23 7 7.85%
5 HSBC 5,782.53 9 7.10%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 07 Mar 2017
1 JPMorgan 13,983.25 38 11.62%
2 Citi 12,835.76 34 10.66%
3 TD Securities Inc 9,199.65 20 7.64%
4 HSBC 8,885.36 22 7.38%
5 Deutsche Bank 7,825.80 21 6.50%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 Barclays 16,566.61 33 9.78%
2 JPMorgan 14,128.94 27 8.34%
3 Bank of America Merrill Lynch 12,288.23 26 7.26%
4 Credit Agricole CIB 11,879.83 26 7.02%
5 HSBC 11,124.72 31 6.57%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 33,561.40 143 8.59%
2 Citi 28,071.02 97 7.18%
3 Barclays 27,149.68 62 6.95%
4 HSBC 24,052.21 82 6.16%
5 Bank of America Merrill Lynch 21,972.67 68 5.62%