CEB begins pre-funding for 2021

By Burhan Khadbai
15 Oct 2020

The Council of Europe Development Bank (CEB) took advantage of a strong market on Wednesday to issue its first ever benchmark transaction for pre-funding purposes.

CEB raised $1bn with a 0.25% October 2023 bond priced at mid-swaps plus 3bp, which was 3bp inside of initial price thoughts. It achieved a final order book of over $1.9bn. Bank of America, Crédit Agricole, Morgan Stanley and RBC Capital Markets were the ...

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