EIB keeps sterling trickling in SSAs

newpound
By Burhan Khadbai
16 Jul 2019

The European Investment Bank mandated banks for a sterling tap on Tuesday to keep supply running on course for a record year in the public sector bond market.

Bank of America, Barclays and JP Morgan will lead the £250m minimum tap of EIB’s outstanding $1.75bn September 2026 bond.  The leads are taking indications of interest with thoughts of 38bp area over the July 2026 Gilt. The tap is expected to be priced on ...

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