EIB looks to 2011 to pare costs further

The European Investment Bank is the third most frequent issuer in international markets, and one of the biggest borrowers in the world, with a programme of Eu68bn this year. Despite this status, EIB couldn’t keep its spreads sub-Libor through the crisis, but with a steady hand and an increasingly diverse investor base, it looks set to squeeze funding costs in 2011. Owen Sanderson reports.