EIB in the news

  • SSAs bask in ‘best ever’ start for sterling as records tumble

    Sterling conditions are searing hot for public sector borrowers, with records breaking left, right and centre. And despite investors taking large volumes out of the market, SSA bankers are confident that more supply can be handled.

    • 18 Jan 2018
  • EIB GBP1bn 0.875% Mar 21

    • 18 Jan 2018
  • Peso rally helps drive SSA issuance

    Strong moves in the Mexican peso and the peso/dollar basis swap have ignited investor demand for bonds in the currency from SSA issuers that can offer a pick-up over govvies.

    • 18 Jan 2018
  • EIB inks big synthetic trade with Crédit Agricole

    EIB Group, which comprises the European Investment Bank and the European Investment Fund, has carried out a synthetic securitization with Crédit Agricole CIB to support French SME and intermediate-size-enterprise (ISE) lending, injecting roughly €1.1bn into the economy.

    • 18 Jan 2018
  • Sustainable bond supply gives boost to Swedish krona market

    A growing enthusiasm behind sustainable debt issuance has been adding to supply volumes in Swedish krona market in 2018, with the European Investment Bank tapping a Climate Awareness Bond this week.

    • 18 Jan 2018
  • World Bank lines up in hot sterling market

    The World Bank is set to become the latest public sector borrower to visit the sterling market, following the European Investment Bank’s £1bn trade on Tuesday.

    • 16 Jan 2018
  • Mexican peso market 'hotter than ever'

    SSA issuers are able to offer a pickup against Mexican government bonds for the first time "in memory", according to one head of local currency bonds.

    • 16 Jan 2018
  • BondMarker: first results of 2018

    Issuers printed a slew of benchmarks in dollars, euros and sterling last week as the SSA market roared into action. Read on to see whether the first deals of the year won favour with our voters.

    • 12 Jan 2018
  • EIB EUR2.5bn 1.5% Oct 48

    • 11 Jan 2018
  • SSAs spoiled for choice as multiple currencies open up

    Public sector borrowers are finding funding conditions beyond their wildest dreams, with not just last year’s staples of dollars, euros, sterling and Australian dollars on offer across the curve but the Canadian and New Zealand currencies coming into play too.

    • 11 Jan 2018
  • EFSF snatches size crown as EIB winds up to go long

    The euro market is providing SSA borrowers with ever more impressive execution — the European Financial Stability Facility (EFSF) pulled off the largest supranational or agency deal of the year on Wednesday — but it faces a fresh challenge on Thursday: ultra long debt.

    • 10 Jan 2018
  • SSA spreads wider but investors' confidence returns

    The start of the year has been beset by new regulation and a widening spread environment but, for issuers canny enough to navigate the new levels, investors are eager to put cash to work.

    • 10 Jan 2018
  • EIB sets tone for SSA dollar rush with biggest book in years

    The European Investment Bank on Tuesday produced its largest dollar deal in nearly three years — and its biggest book in even longer — in what bankers said was a clear signal of the strength of demand in the currency. The Inter-American Development Bank is next up in dollars, and more supranationals could still enter the fray this week, with supply expected to keep at a rampant pace until mid-February.

    • 09 Jan 2018
  • EIB alone in dollars as AIIB mulls June debut

    The European Investment Bank is set to bring its first core currency trade of the year, after hiring banks on Monday for a March 2023 global dollar benchmark. Despite a strong start to the year for the currency last week, no other dollar deals from SSAs are on screen — but a new issuer could join in the next few months.

    • 08 Jan 2018
  • EIB GBP1bn 0.875% Dec 23 tap

    • 04 Jan 2018
  • EIB and Rentenbank make active start with green Aussie deals

    With a new climate awareness bond from the European Investment Bank and the announcements of green taps from EIB and Rentenbank, it was a busy week of sustainable bond issuance in the Australian dollar market.

    • 04 Jan 2018
  • EIB and FMS-W scoop up early sterling

    A pair of public sector borrowers blew away the cobwebs in the sterling market on Wednesday, printing a combined £1.5bn.

    • 03 Jan 2018
  • Strong start in SSAs but ECB eyes cutting off QE

    The SSA market is off to a typically fast start, with four deals in the market and more expected. However, a newly aggressive tone from members of the European Central Bank governing council could rock the boat.

    • 03 Jan 2018
  • Active start for Aussie dollars

    Three issuers have been active in the Australian dollar market so far this week, including two borrowers targeting deals in socially responsible formats.

    • 02 Jan 2018
  • EIB readies big sterling note

    The European Investment Bank has hit screens to announce its first benchmark of 2018 — a £1bn sterling tap.

    • 02 Jan 2018
  • BNP’s Polish arm inks capital relief trade with EIB

    BNP Paribas’s Polish subsidiary, Bank BGŻ BNP Paribas, has closed a Z341m (€81m) securitization of loans to Polish small and medium sized enterprises, with the European Investment Bank buying the mezzanine tranche.

    • 21 Dec 2017


EIB data breakdown

Sources: EIB, Dealogic

Credit rating Aaa/AAA/AAA
Basel II risk weighting
0%
Headquarters
98-100, 
Boulevard Konrad Adenauer,
L-2950,
Luxembourg


EIB

Dealer League Table EIB

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 3,399.83 3 25.88%
2 HSBC 1,999.49 2 15.22%
3 BNP Paribas 1,666.37 1 12.68%
4 RBC Capital Markets 871.73 3 6.64%
5 Credit Agricole CIB 776.14 2 5.91%
Key officials
  • Eila Kreivi, director, head of capital markets department
  • Sandeep Dhawan, head of funding, Americas, Asia, Pacific
  • Carlos Ferreira da Silva, head of funding, euros
  • Richard Teichmeister, head of funding, Europe (ex. euros), Africa
Guarantee EU sovereign shareholders are legally bound to pay callable capital of €221.585bn on EIB demand, if required to meet financial obligations.
Ownership
structure
The shareholders of the European Investment Bank are the 28 Member States of the European Union. Each Member State’s share in the bank’s capital is based on its economic weight within the European Union (expressed in GDP) at the time of its accession.

France, Germany, Italy, UK: 16.11% each
Spain:  9.67%
Belgium, Netherlands:  4.47% each
Others:  16.95%
Private placement
policy
  • Minimum size of $10m eqv.
  • Can print interest rate linked and equity index linked structures, but not single stock linked
  • Minimum tenor is callable structures with minimum non-call period of one year
  • Can print in a wide range of currencies

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4,822.01 5 6.78%
2 NatWest Markets 3,741.73 3 5.26%
3 Citi 3,544.03 6 4.98%
4 Goldman Sachs 3,231.80 5 4.54%
5 Barclays 2,461.72 2 3.46%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 8,145.87 7 13.09%
2 Citi 7,659.35 12 12.31%
3 Deutsche Bank 7,459.81 7 11.99%
4 Goldman Sachs 6,147.24 8 9.88%
5 JPMorgan 6,097.01 8 9.80%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 7,351.66 8 10.93%
2 JPMorgan 6,925.07 9 10.29%
3 Credit Agricole CIB 6,342.60 7 9.43%
4 Goldman Sachs 5,890.15 6 8.75%
5 Citi 5,011.57 14 7.45%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 15,413.64 38 9.65%
2 JPMorgan 14,557.48 43 9.12%
3 Goldman Sachs 12,082.56 15 7.57%
4 Deutsche Bank 11,377.72 21 7.13%
5 HSBC 10,585.95 16 6.63%