EIB reboots €STR FRN market with curve extension

EuroMoney_Adobe_575x375
By Burhan Khadbai
21 Jan 2021

The Europe Investment Bank extended the euro short term rate (€STR) floating rate note curve on Wednesday with 2021’s first deal in the format.

Leads Crédit Agricole, Deutsche Bank, Standard Chartered Bank and UniCredit priced a new €1bn January 2028 €STR FRN for EIB with a spread of 1bp over €STR.

The deal was priced with a reoffer price of 114.418 and a chunky coupon of 200bp over €STR ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial