EIB pushes dollar pricing

The European Investment Bank is testing the sub-40bp level for its new five year in dollars with price talk of mid-swaps plus 37.5bp and, with the book reaching $4bn this morning, it appears the outcome is positive. Bank Nederlandse Gemeenten is also accessing the dollar market with a three year. Price guidance is in the mid-swaps 45bp area. Murmurs of a SFEF three year deal are also circulating.