EIB

GlobalCapital's European SRI roundtable for 2015 brought together issuers, investors and bankers to discuss how to tackle the capital markets challenges of sustainable and responsible investment.

So far green bonds have dominated the still young ESG capital markets. But in the last 12 months a pair of issuers have brought bonds based on social themes in benchmark size. Tessa Wilkie reports on how we are about to see a lot more of them.

European Investment Bank tapped a 2022 sterling line for £300m on Monday, and is open to printing more in the currency.

European Investment Bank has added further evidence of the euro market’s growing strength over dollars — but its deal was still at the lower end of Earn size expectations despite a decent new issue premium.

The European Investment Bank has lined up a euro benchmark that SSA bankers are praying will add to a strong €5bn deal from KfW last week — but the supranational is unlikely to aim for the same size as its German peer.

This week's scorecard features updates on the progress of selected European supranationals and agencies through their funding targets for the year.

The European Investment Bank added another deal to its recent burst of issuance in euros on Monday, as a German state mandated banks for a €500m August 2019 deal.

A supranational is set to become the first European SSA to bring a syndication after Greece reached a deal with its creditors on Monday morning — but will steer clear of euros.

European Investment Bank has printed in Ecoop format for the second day in a row, as conditions improved for eurozone periphery sovereign issuers — aside from Greece.

A public sector borrower eked out €500m of tightly priced euro supply on Tuesday, as activity in the currency was subdued while market participants digested the latest news on Greece’s bail-out negotiations.

The Flemish Community of Belgium has hit the market with a quartet of private medium term notes — a rare appearance from a public sector borrower in the currency this week.

European Investment Bank tapped a 2021 sterling floating rate note for £250m on Wednesday. Some sterling buyers are moving from the short end to the belly of the curve in search of yield, said SSA bankers.