EIB gets modest reception despite bumper concession

EIB Building

The European Investment Bank got a lukewarm reception for its new July 2024 transaction on Wednesday, despite a hefty new issue premium.

By Burhan Khadbai
12 Sep 2018

Leads Barclays, BNP Paribas, DZ Bank and JP Morgan priced the €3bn July 2024 Earn with a spread of 18bp through mid-swaps, in line with guidance of 18bp area.

The order book closed in excess of €4.2bn (including €150m of lead manager interest) — well ...

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