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
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