EIB completes currency sextet with dollar CAB

Environmental, social and governance ESG green adobe stock 230x150 AS
By Lewis McLellan
03 Oct 2019

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.

BarclaysCitiJP 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 ...

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