EIB follows KfW into sterling SRI amid UK pension fund demand

Pound Coins
By Burhan Khadbai
29 Jul 2019

The European Investment Bank (EIB) appointed banks on Monday to lead a five year sterling Climate Awareness Bond (CAB), in what will be the supranational’s first new socially responsible bond issue in the currency since 2014.

Bank of America, Barclays and HSBC will lead the November 2024 sterling benchmark CAB, which is expected to be priced on Tuesday. The leads are taking indications of interest with initial price thoughts of 37bp area over the September 2024 Gilt.

The sterling SRI ...

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