EIB can return to EARN
The European Investment Bank (EIB) can use last week’s European Union (EU) deal and the forthcoming European Financial Stability facility (EFSF) trade as the catalyst to reignite its euro benchmark programme with its first new deal since last April.
There is no doubt that the EIBs Euro Area Reference Note (EARN) remains one of the big guns within the European public sector bond market. But there is also no doubt that investors do not view the issuer with quite the same favour as in pre-crisis days.Last ...
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