EIB

Supranational drummed up €23bn of demand as Grand Duchy eyes 20 years

Supranational readies test of 10 year part of the curve

Best regarded issuers pushed to shorter tenors while lower rated names can go longer

Bankers disagree over whether last buying days of Pepp will prompt rash of deals

Small concession in dollars glosses over cheapness to euro curve

Germany, Rentenbank and EIB mandate for deals despite Ukraine invasion shockwaves

Big book helps quell jitters about simmering Ukraine tensions

Agency issuers finding mid-swaps easier to push against while Bund spreads remain wide

Two years into a critical decade for the fight to cap global warming at 1.5 °Celsius, the European Investment Bank (EIB) is transforming into something the world has never had but now desperately needs - a multilateral climate bank. This groundbreaking shift is bringing the EIB’s entire balance sheet in line with the Paris Accords, influencing not only its own lending and borrowing but also the behavior of its counterparties.

Market gobbles up absorbs first roaring day of primary market trade in 2022

Demand far outweighs supply in currency headed into second week of year

Issuer sees almost record demand for dollar debt after cutting funding plans