EIB GBP500m 2.25% Mar 20

Rating: Aaa/AAA/AAA

Amount: £500m

Maturity: March 7, 2020

Issue/reoffer price: 99.6

Coupon: 2.25%

Spread at reoffer: UKT 4.75% 03/20 plus 30bp

Launched: Wednesday March 27

Payment date: April 8, 2014

Joint books: Barclays, Deutsche Bank, HSBC, RBS, Scotiabank

Borrower’s comment:

We’ve been waiting for the opportunity to do this deal since the beginning of the year but we ...