EIB impresses with double sterling and dollar grab

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By Burhan Khadbai, Lewis McLellan
22 Jan 2020

The European Investment Bank doubled up in capital markets on Wednesday, hitting screens for a fixed rate sterling benchmark and a Sofr-linked floating rate dollar note.

The issuer printed $1bn of 2023 Sofr-linked paper at a spread of 25bp. Leads Bank of America, CIBC Capital Markets, Citi, RBC Capital Markets and TD Securities offered initial price thoughts of 27bp area on Tuesday before opening with a fixed spread of 25bp ...

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