EIB takes sterling to new SRI heights

By Burhan Khadbai
01 Aug 2019

The European Investment Bank set two records in the sterling bond market this week. The supranational issued the largest ever single tranche socially responsible bond in sterling across any sector, which took supranational and agency supply in the currency to an all-time annual high — even though it’s only August.

EIB issued an £800m five year Climate Awareness Bond (CAB) with a spread of 36bp over the September 2024 Gilt via Bank of AmericaBarclays and HSBC on Tuesday.

The leads began the price discovery process on Monday with initial price thoughts of plus 37bp area, before opening the books ...

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