EIB builds record $8.2bn book

August 27, 2008 12:00 am

The European Investment Bank yesterday followed Rentenbank and the EBRD in tapping the short end of the dollar curve, and achieved record-tight pricing in the process. The EIB’s $4bn three-year attracted $8.2bn of orders — the largest ever order book for an SSA issuer in dollars — and was priced at mid-swaps minus 35bp. Read EuroWeek on Friday to learn more about how European SSAs are exploiting the widening in swap spreads to print tight deals.

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