CEB pitches 10 year through EIB’s curve

Council of Europe Development Bank was the only issuer out with a benchmark mandate on Monday afternoon, setting initial price thoughts on a €1bn no-grow 10 year at a level inside the European Investment Bank’s curve. Leads expect the limited size on offer and the rarity of the issuer to have investors champing at the bit to get involved. Elsewhere a Finnish agency is preparing to debut in euros.