EIB doubles up in two currencies

By Lewis McLellan
14 Jan 2021

The European Investment Bank pulled off two trades on Thursday, hitting the Canadian dollar market for a Climate Awareness Bond and raising $1bn with a five year linked to the Secured Overnight Financing Rate.

EIB raised C$1bn ($790.0m) with a January 2028 CAB on Thursday. BMO Capital Markets, CIBC, National Bank of Canada, Scotiabank and TD Securities ran the books. Initial price thoughts were mid-swaps minus 7bp area and, with a book of over C$1.46bn, the leads were eventually able ...

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