EIB just makes it with $3bn three year
The European Investment Bank (EIB) tested investor appetite for a European supranational in three year dollars on Wednesday after a fortnight’s steady diet of issuers with little or no connection to the euro — and it picked a day when Spain appeared to be falling off a cliff to do so. In spite of the tough backdrop, the issuer managed to print its standard $3bn global benchmark, and with only a 5bp new issue premium at that, although the book was only just covered at $3.1bn.
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