The European Investment Bank pulled in over $3.8bn of demand for its first 10 year dollar benchmark in over a year, despite sharing screens with the supranational’s debut €STR-linked transaction. BNG is set to follow suit at five years with a sustainability bond.
Barclays, Citi, JP Morgan and SEB ran the books for the $1bn climate awareness bond. They offered initial price thoughts of mid-swaps plus 21bp area before opening books on Wednesday morning with indications of interest of over $2.2bn and price guidance in the 20bp area.
The trade was the