The Project Bond initiative is a joint initiative by the European Commission and the EIB. Its objective is to stimulate capital market financing for large-scale infrastructure projects in the sectors... objectives in these sectors could reach as much as EUR 2 trillion. The Project Bond initiative is designed to enable eligible infrastructure projects promoters, usually public private partnerships (PPP... to those promoters, whose debt will effectively be divided into two tranches: senior and subordinated. The subordinated debt, or Project Bond Credit Enhancement (PBCE) can take the form of a loan from
-denominated Climate Awareness Bond (CAB). The issue carries an annual coupon of 2.250% and has a final maturity date of 7 March 2020. At GBP 500m, it is EIB’s largest CAB transaction this year. It was priced... investors. This has enabled EIB’s first GBP green bond to be issued in liquid size. EIB CAB issuance so far this year – EUR 2.2bn - considerably exceeds last year’s volume of EUR 1.4bn, illustrating... Sterling denominated Climate Awareness Bond (CAB) issue is a further testament to EIB’s ability to be at the forefront of the development of this new product, and highlights the continued growth
Third EUR Climate Awareness Bond (CAB) increased to or above EUR 1.5bn
EUR 13bn of Green Bonds issued by EIB to date via 59 CABs in 11 currencies
Increasing role of Green Bonds in the context... the 0.500% Climate Awareness Bond (CAB) 11/2026 to EUR 1.5bn, now the largest Green Bond in this part of the curve. EIB’s two other Green benchmarks in EUR are the EUR 1.5bn CAB due 11/2023 and the EUR 3bn CAB due 11/2019, currently the largest Green Bond outstanding. Total CAB issuance now approaches EUR 13bn, with 59 tranches launched in 11 currencies – underpinning EIB’s leadership and continued
Overview EIB’s lending activities are mainly funded via bond issuance. Its annual funding programme for 2016 is EUR 60 billion. more Debt products EIB issues a very wide range of benchmark and tailor-made debt products, across many currencies. more Recent publications EIB has published its Overall Funding Newsletter - August 2016. more Focus On 7 September 2016, the EIB issued a new EARN which is EIB's first 7-year EARN since 2014. The issue carries an annual coupon of 0% and has a final maturity date of 16 October 2023.
FORESIGHT GROUP LLP
Investment fund targeting debt securities related to renewable energy and energy efficiency projects in Italy
The fund seeks to provide innovative debt financing in the form of mini bonds to smaller renewable energy projects in Italy.
Most of the projects t...
La BEI émet des emprunts de référence en euro (EUR) dans le cadre de son programme EARN ( EuroArea Reference Notes - Obligations de référence de la zone euro). Du fait même qu'elle est détenue par tous les États membres de l'UE, ses obligations constituent un investissement de catégorie souverain...
The overall goal of the Green Bond market is to help mobilize private sector financing for sound climate- and environmentally-sustainable investments and help enhance transparency... has been surpassed in 2015 to-date, with almost US$40 billion in new Green Bond issuance. Today an informal working group of eleven International Financial Institutions* proposes a harmonized framework outline for impact reporting on projects to which Green Bond proceeds have been allocated. It is a revised version of the original draft published in March 2015 as the result of the first
EUR 400m tap creates third liquid reference on EIB’s Green Bond curve
First semi-annual CAB Newsletter to be published tomorrow with first-ever report on allocations of individual Green Bonds... Awareness Bond (CAB) 11/2023 by EUR 400m to bring the total amount outstanding to EUR 1bn. The bond completes EIB’s EUR Green Bond curve with a third liquid reference point in an intermediate... actual demand. The EUR 3bn ECoop CAB due 11/2019 is currently the largest Green Bond outstanding, while the EUR 1.25bn CAB due 2026 is the longest outstanding Green benchmark in the market
statement (“CAB statement”) describing in detail its Green Bond activities in 2015 (management responsibilities, operational criteria, allocation/impact reports). The document is the first of its... the alignment of EIB’s Green Bond practice with the Green Bond Principles (“GBP”) of the International Capital Market Association (ICMA). What’s more, KPMG summarizes the features of EIB’s Green Bond framework... in a reasonable assurance report. In the coming days, ICMA will start publishing in its online GBP Resource Centre of Green Bond information that issuers are invited to contribute on a voluntary basis
Climate Awareness Bond (CAB) 2023 increased to EUR 1.5bn
Attention drawn to Green Bonds’ relevance for climate policy after COP21
On 5 January 2016, the European Investment Bank (EIB), the EU Bank owned by the EU Member States, increased the 0.500% Climate Awareness Bond (CAB) November 2023 by EUR 500m, bringing the total amount outstanding to EUR 1.5bn. Crédit Agricole SA is one of the main investors of the tap, in the context of its recent commitment to invest EUR 2 billion in high quality Green Bonds. EIB’s CABs have been awarded a Sustainability Bond Rating of ‘b+’ from Oekom, one
Longest ever Green Bond benchmark in EUR
Highlight on Independent Reasonable Assurance Report by KPMG including External Review Form
Strong participation of asset managers, insurance companies... a new EUR 500m Climate Awareness Bond (CAB). The 21-year issue carries an annual coupon of 0.5%, and has been priced in line with the outstanding EIB ECoop curve at a reoffer yield of mid swaps -10bp, equivalent to 38.9 bps over the 4% Bund Jan-37. With this new transaction, EIB continues to spur the sustainable growth of the Green Bond market, by giving long-term investors the opportunity to own
First ever Green bond offering in Canadian Dollars by an international SSA issuer
Transaction backed by strong demand from a diverse investor base including investors with explicit “Socially Responsible Investing” (“SRI”) approach
EIB’s Green Bond issuance in 2015 now stands at a EUR 3.5bn, bringing total issuance to EUR 10.8bn across 11 currencies
Yesterday the European Investment Bank (‘EIB’) priced its first ever CAD Maple Climate Awareness Bond (“CAB”), a new CAD 500 million 5-year transaction. This also marks the first green bond issuance from an International SSA Issuer in the CAD
bond - the Climate Awareness Bond (CAB). With the first CAB issue, the EIB pioneered the ring-fencing of proceeds in a dedicated liquidity portfolio. The funds are earmarked to match disbursements... 11 currencies, of which EUR 4.0bn equivalent in 2015 alone. The EIB provides the market with benchmark Green Bond issuances in EUR, USD and GBP, but has also issued CABs in SEK, CAD, ZAR, CHF, AUD, JPY, TRY and BRL (synthetic format). EIB is increasing liquidity, size, and scale of Green Bond issuance, in addition to gradually building green reference yield curves: The EUR 3.0bn ECoop CAB due
“The European Investment Bank (EIB) announces today an invitation to the holders of DK0030033881 EIB 2% 2026 (the “Bonds”) to submit offers (the “Offers” and each an “Offer”) to sell back the Bonds in whole or in part for cash. The terms of the Offer is DKK 10yr midswaps vs 6 months + 0.04%, wit...
Today, the Luxembourg Stock Exchange (LuxSE) celebrated an important milestone in its commitment to green finance, with the listing of the 100th green bond admitted on its markets on 18 February 2016... Scharfe (CEO of the Luxembourg Stock Exchange). The issue (XS1107718279) was originated by the European Investment Bank (EIB) and brought EIB’s Climate Awareness Bond (CAB) 11/2026 to EUR 1.5bn, making the CAB the largest green bond in this part of the curve. EIB has also previously issued two other green benchmarks in EUR (the EUR 1.5bn CAB due 11/2023 and the EUR 3bn CAB due 11/2019) which
The Green Bond Market grew to over USD 40bn in 2015, up from just over USD 3bn three years earlier. Green Bonds enable bondholders, from individual investors to large organisations, to support... of the Green Bond market. For example the Bank actively participates in the Green Bond market governance through the Green Bond Principles (GBPs) promoting transparency and accountability. Moreover the EIB has, where feasible and appropriate, provided technical expertise to policy makers and NGOs. An important example of this work is the harmonization of Green Bond impact reporting. The purpose
On 20 August 2015, the EIB issued a new EUR 600m Climate Awareness Bond (CAB). The issue carries an annual coupon of 0.5%, has a final maturity date of 15 November 2023 and has been priced in line with the existing EIB ECoop curve at MS-24bp. The transaction completes EIB’s EUR Green Bond curve with a third reference point in an intermediate maturity and takes the total CAB issuance to EUR 10bn. These two achievements reaffirm EIB’s developmental role and its commitment to spur further sustainable growth of the Green Bond market. For further information, please see the Press release
The European Investment Bank (EIB) closed on 15 December 2014 the purchase of a EUR 196 million covered bond issued by UniCredit Bank Czech Republic and Slovakia, a.s (UniCredit Bank CZ&SK). The bond forms part of UniCredit Bank CZ&SK’s EUR 5 billion international covered bond programme, which was launched last year. This first international bond has an issue size of EUR 800 million and an annual nominal coupon of 1.875%, with bullet maturity in December 2018. The EIB is the first investor to purchase the UniCredit Bank CZ&SK covered bond under this international programme; other
On 3 September 2014, the European Investment Bank issued a EUR 500m Climate Awareness Bond (CAB). The issue carries an annual coupon of 1.250%, has a final maturity date of 13 November 2026 and has been priced in line with the existing EIB ECoop curve at MS+1bp.
With this new issue, the EIB starts building a Green Bond curve in the EUR market. For further information, please see the Press release
EUR Climate Awareness Bond 11/19 the largest Green Bond in any currency
EIB’s Green Bond issuance ytd reaches over EUR 2.5bn
On 14 th May 2014, the European Investment Bank (‘EIB’) priced the 6 th tap of the EUR Climate Awareness Bond (CAB) due November 2019, the most sizeable [SSA] Green Bond outstanding in any currency. The increase carries a coupon of 1.375% and, thanks to secondary performance and strong investor interest, could be priced at MS - 4bps, 3 bps tighter than the previous taps. The bond is EIB’s first CAB distributed in mini-benchmark / ‘ECoop’ format. This format foresees
CAB 2023 complements CAB 2019 and CAB 2026
EUR 10bn CAB issuance testament to EIB’s strategic commitment
Highest Sustainability Bond Rating yet assigned by oekom
On 20 August 2015, the European Investment Bank (EIB), the EU Bank owned by the EU Member States, rated Aaa/AAA/AAA (Moody’s / Standard and Poor’s / Fitch), issued a new EUR 600m Climate Awareness Bond (CAB). The issue carries an annual coupon of 0.5%, has a final maturity date of 15 November 2023 and has been priced in line with the existing EIB ECoop curve at MS-24bp. The transaction completes EIB’s EUR Green Bond curve
CAB due Nov 2019 now the largest green bond outstanding in any currency
Tap timed on the publication of Green Bond Principles by key market promoters
Proceeds earmarked for use in the fields of renewable energy and energy efficiency
On 13 January, the European Investment Bank („EIB‟) re-opened the EUR green bond market with the first transaction of the year, a EUR 350m tap of the Climate Awareness Bond (CAB) due 15 November 2019. Total size after the increase is a record EUR 1.5bn, which makes this issue the largest climate-themed bond outstanding in any currency. The transaction
Second reference point on EIB’s EUR Green Bond curve
EIB’s Green Bond issuance at record EUR 6bn ahead of the UNSG Summit
Today, the European Investment Bank (EIB), the EU Bank owned by the EU Member States, rated Aaa/AAA/AAA (Moody’s / Standard and Poor’s / Fitch), issued a EUR 500m Climate Awareness Bond (CAB). The issue carries an annual coupon of 1.250%, has a final maturity date of 13 November 2026 and has been priced in line with the existing EIB ECoop curve at MS+1bp. With this new issue, the EIB starts building a Green Bond curve in the EUR market. The bond is EIB’s second CAB
in a new programme introduced by Akbank, a long-standing partner of the EIB in Turkey. Akbank is inaugurating a covered bond programme, the first in Turkey backed by residential mortgages. EIB’s participation will be in the first bond series issued under Akbank’s newly-established programme. Akbank will on-lend the proceeds of the EIB series to eligible SMEs and midcaps. Through this operation, the EIB... , which remains the largest recipient country of EIB financing outside the EU. Today we are signing a groundbreaking operation, the first ever residential mortgage covered bond in Turkey. Following
CAB 11/19 increased to largest Green Bond in any currency
Total CAB-issuance expanded to EUR 4.3bn
EUR 500m tap driven by SR investors buying CABs in EUR for the first time
On 18 th February 2014, the European Investment Bank (‘EIB’) priced the fourth and largest tap of the EUR Climate Awareness Bond due November 2019, the most sizeable Green Bond outstanding in any currency. The increase carries a coupon of 1.375% and could be priced in line with EIB’s ECoop secondary market curve, 4 basis points tighter than the original tranche issued on 11 July 2013. The bond is EIB’s first CAB
and are launching the first project bond  in France and Europe involving digital infrastructure. This issue, which has been managed by Natixis, provides a concrete, financial and industrial response... areas"). This operation is also a first for Europe, as it is the first time that a project bond has been issued in Europe for digital infrastructure. It will provide Axione Infrastructures with EUR 189.1m in bond finance, enabling it to continue with and extend the roll-out of fast and superfast digital infrastructure in numerous departments in France. Convinced that network sharing is the key
On 8 January, the European Investment Bank („EIB‟) priced a new CHF 350 million Climate Awareness Bond (CAB). The issue carries an annual coupon of 1.625% and has a final maturity date of 4 February 2025. This is EIB’s first CAB transaction of the year, and the first ever CHF-denominated Climate Awareness Bond. The issue was placed with Swiss investors. Climate Awareness Bonds raise... an environmental-themed bond – the Climate Awareness Bond. Since inception, CABs have raised EUR 3.4bn equivalent. 2013 was a record year for CAB issuance – the EIB issued its largest annual volume ever
On 26th February, the European Investment Bank (‘EIB’) priced a new ZAR 300 million Climate Awareness Bond (CAB). The issue carries an annual coupon of 7.75% and has a final maturity date of 12 March... the annual Sustainability Report (formerly Corporate Responsibility Report) and the dedicated Climate Awareness Bond Newsletter. Since inception, CABs have raised EUR 4.6bn equivalent in 7 currencies... demand for this product among the European retail investor community. ” Summary Terms and Conditions for Bond Issuance
Issue Amount ZAR 300m
Pricing Date 26 February 2014
Payment Date 12 March
The Greater Gabbard offshore transmission link has become the first UK based infrastructure project to attract finance from institutional investors using the Project Bond Credit Enhancement... successfully placed with a broad range of investors. Proceeds from the bond issue have been released, the bonds have started trading on the Irish Stock Exchange and technicalities concluded to allow financial close. The European Investment Bank has provided a GBP 45.8 million guarantee, representing 15% of the bond issued, as a credit support under the Project Bond Credit Enhancement model
EIB’s CAB 2026 increased to EUR 1.25 bn
2015 Green Bond Principles (“GBP”) to be presented in London on 27/3
Special CAB-Newsletter of the EIB to be presented in London on 27/3
Total CAB issuance approaching EUR 8.5bn
Today, the European Investment Bank (EIB), the EU Bank, rated Aaa/AAA/AAA (Moody’s / Standard and Poor’s / Fitch), increased the 1.25% Climate Awareness Bond (CAB) 11/2026... the reference status of the longest green benchmark outstanding and draws market attention to the imminent publication of a new edition of the Green Bond Principles in London on March 27. The GBP are voluntary
The information presented herein is for information purposes only. It constitutes neither an offer nor an invitation to subscribe to or purchase securities, nor is this information meant to serve as a basis for any kind of obligation, contractual or otherwise. The information presented herein is ...
the impact of projects receiving financial allocations from its green bonds and alignment of such bonds with the Green Bond Principles. IMPACT REPORTING: Investors have been eager to find quantitative metrics to evaluate the impact of their green bond portfolios. Today EIB not only joins a select group of issuers that tackle this matter, but also does so in exceptional detail. The reporting provides... synthesizes the complex array of information available. ALIGNMENT WITH GREEN BOND PRINCIPLES EIB underlines its support for the Green Bond Principles through immediate transparency on alignment
On 26th January, the EIB, rated Aaa/AAA/AAA (st/-/cw-), issued a new £600m 25-year bond due 8th June 2037.
This is EIB’s first new long dated sterling line in 2012, the longest Supranational or Agency sterling issue of the year, and the largest EIB Sterling issue with maturity over 20 years since February 2009. The bond priced at UKT 4.25% March 2036 +95bps and has a coupon of 3.875%. For further information, please see the Press release .
The European Investment Bank (EIB), the long-term lending arm of the European Union, announced the completion of a new SEK (Swedish Krona) 750m Climate Awareness Bond (CAB) due November 2023... investors with the opportunity to finance projects contributing to climate protection, while enjoying an attractive spread over the relevant Swedish government bond, combined with high credit quality... on demand from a wide range of international and domestic investors, EIB has established a new benchmark bond on its SEK curve at an attractive spread over the Swedish government bond with the same
The Bank will issue new ‘Climate Awareness Bonds' in Japan for around EUR 300m equivalent, via two tranches denominated in Australian dollars and South African rand. The arranger is Daiwa Securities Group. A special feature of such bonds is that proceeds are dedicated to lending projects in the f...
). The new current coupon bond is targeted at both retail and institutional investors. EIB anticipates that, subject to market demand, this issue will be tapped and built into its five-year current coupon... . A current coupon on this new bond should reinforce EIB's premier position in the institutional market for sterling bonds by attracting retail investors in the UK and continental Europe." Purchasing... . The deal is supported by a selling group consisting of EIB's Retail Dealer Group - Barclays, Deutsche Bank, HSBC, UBS and Winterflood Securities. The bond will be eligible as a "qualifying corporate
Today the European Investment Bank (EIB) priced its first bond in domestic Norwegian format geared for the local market. The NOK 1bn (EUR 135m) issue carries a quarterly coupon of 3mNIBOR+20bp and has a final maturity date of 27 th February 2018. It has been placed with local fund managers and bank treasuries. The bond will be registered with the Norwegian Central Securities Depository... record as an issuer in international NOK format. Growing demand from Norwegian institutional accounts eager to diversify their NOK investments has allowed the Bank to launch its first domestic bond
The European Investment Bank, the European Unions long-term financing institution, is issuing its first Euro 1 billion bond - ECU 1 billion. The interest rate coupon is 5.25% over seven years. The Bank has appointed La Caisse des Dépôts et Consignations, Banque Paribas, and S.B.C. Warburg as joint lead managers. Commenting on the issue, the EIB's President and Chairman, Sir Brian Unwin said... " Dutch Guilder 1 billion bond under terms that allow the Bank to re-denominate the issue in Euro after January 1999, with the coming into force of EMU-stage III and the creation of the Euro. Over the next
January, the European Investment Bank (EIB), rated Aaa/AAA/AAA (st/-/cw-), issued a new £600m 25-year bond due 8 th June 2037. This is EIB’s first new long dated sterling line in 2012, the longest... , the book was upsized from an initial target level of £300m to £600m, with books closing at 12:30 London time. The final order book was in excess of £650m. The bond priced at UKT 4.25% March 2036 +95bps and has a coupon of 3.875%. The attractive yield level was a key source of appeal for investors. The bond attracted 32 investors, mostly UK real money investors. Almost all orders were on a cash basis
') has today priced a US$ 3 bn Global issue, with a maturity of 15 June 2007. This is the first 3 year supranational Global bond issue since EIB's US$ 3 bn due March 2006 issued in January 2003... to international investor demand for liquid, high quality, short dated assets with this new US$ 3 bn 3 year global. There are over US$ 12 billion of supranational bond redemptions and coupons paying over... The USD funding strategy is based on a foundation of liquidity, transparency and investor diversification, and comprises global bond issuance, targeted eurodollar issues and structured transactions. 2003
On the 23rd of April, the European Investment Bank (EIB), the long-term lending arm of the European Union (EU) announced completion of a new 7-year SEK (Swedish Krona) 1bn Climate Awareness Bond (CAB). This is EIB’s first new CAB line in 2012. Other CAB issuance this year comprises a tap in February for SEK 700m (residual maturity 3-years). This new Climate Awareness Bond issue offers the opportunity for investors to finance projects involving climate protection, while enjoying an attractive spread over the relevant Swedish government bond and swaps, combined with high credit quality
The European Investment Bank ("EIB") successfully priced a USD 3 billion 3-year global benchmark issue today, its first benchmark global bond of 2003. Deutsche Bank, Morgan Stanley, and Salomon Smith Barney are the joint lead managers and book-runners for the issue with co-lead managers: ABN AMRO, Barclays, BNP Paribas, Credit Suisse First Boston, Goldman Sachs, HSBC, JP Morgan, Merrill Lynch and Nomura. The new US$ 3 billion benchmark with a maturity of 15 March 2006 pays a coupon of 2.375% and has an Issue price of 99.666%, to give a spread of 71bps over the 2 year US Treasury. EIB's
On 11 July 2013, the EIB issued a EUR 650m Climate Awareness Bond. The issue carries an annual coupon of 1.375%, has a final maturity date of 15 November 2019 and has been priced in line with the existing EIB ECoop curve at MS+4 bps. For further information, please see the press release .
Am 3. November 2009 begab die EIB neue „Climate Awareness Bonds” (CAB). Dabei handelt es sich um die ersten auf schwedische Kronen lautenden Klimaschutz-Anleihen. Konsortialführer war die Swedbank. Die Anleihen richten sich vor allem an die skandinavischen Anleger der EIB.
Die Bonds mit festem ...
The Europe 2020 Project Bond Initiative, which aims to improve capital market financing of infrastructure, passed its final approval stage today. Following signature of a Cooperation Agreement between the European Commission and European Investment Bank, clarifying risk sharing, the pilot phase of the project bond initiative is ready for roll-out. “The Project Bond Initiative provides... Commission Vice President Olli Rehn said: "We are providing solutions to support long-term investment and to put the EU back on the road to sustainable growth. The project bond initiative is a key element
The European Investment Bank (EIB), the European Union's financing institution, is issuing a 1 billion Dutch Guilder bond today. The interest rate will be 5.75% over 10 years. The terms and conditions of the Guilder bond have been structured to create the possibility for the EIB to re-denominate the issue in "Euros" after the entry into force of the third stage of EMU. The conditions also allow the EIB to consolidate this issue with issues in "Euro" or in other currencies that will be "Euro" re-denominated, without discrimination as to currency, to form a single "Euro" issue. The EIB has
denominated bond. This issue is also the first of its kind in the international market issued by a supranational issuer. The issue has a volume of SEK1,000 million (approximately EUR 108 million) and bears an annual coupon linked to the Swedish Consumer Price Index. The bond will be issued under EIB's Programme for Debt Issuance and an application has been made for the bond to be listed on the Luxembourg Stock Exchange. The bond has an issue price of 144.68% and matures on 1st December 2020. The transaction is arranged by SEB Merchant Banking, part of Skandinaviska Enskilda Banken AB. Barbara
The European Investment Bank plans within the next few weeks to issue its first Euro global bond, subject to market conditions. The amount is expected to be Euro 2 billion, with a 10 year maturity... to building up a strong, liquid and well diversified market for the Euro. Our global Euro bond will reinforce our continuing support for Europe's economic and monetary union, and allow us to respond to fast developing interest in high-quality investment in Euro outside Europe, particularly in the USA." As with the Bank's previous Euro and "Euro-tributary" bonds, the new global bond issue
Disclaimer The offering and sale of the securities described in the offering circular or pricing supplement that you have requested to view are subject to restrictions under the laws of several countries. Securities may not be offered or sold except in compliance with all such laws (some of which...
Disclaimer The offering and sale of the securities described in the offering circular or pricing supplement that you have requested to view are subject to restrictions under the laws of several countries. Securities may not be offered or sold except in compliance with all such laws (some of which...
Issue priced at +22 bps over US Treasuries
Balanced and well diversified book internationally
Increases USD Global benchmark outstandings to US$28 bn
Reinforces positioning as largest and most frequent issuer of USD Globals among supranationals
Demonstrates strategic commitment to issue in ke...
’s/Standard & Poors/Fitch), today launched its first international bond issue denominated in PHP (Philippine pesos). The issue is for an amount of PHP 2,000 million (EUR 33m approximately) and carries an annual coupon of 4.15%. The bond is synthetic with settlements and payments in US dollars. It is the first PHP bond to be issued in this format in this asset class. The bond has an issue price of 100.475% and matures 25 January 2013. The transaction was lead managed by HSBC. The bond follows initiatives by the EIB in other emerging currencies in the international capital markets, including
This document is to provide a general outline of how it is currently contemplated that the Project Bond Initiative and Project Bonds Credit Enhancement (PBCE) will work. This document is for information purposes only; the terms and conditions of any PBCE may vary substantially from those set out herein. Furthermore, these general terms do not constitute a commitment or undertaking by either the EIB or the European Commission in respect of any PBCE transaction. Any such commitment would require, amongst other things, prior approval from the governing bodies of the EIB. Interested parties
The European Investment Bank has purchased Sekerbank T.A.S. covered bonds worth 120 million Turkish lira (EUR 50 million) in support of SMEs in Turkey. This innovative financing instrument is the first covered bond in Turkey and the first covered bond backed by a portfolio of SME receivables. This facility is intended to support the manufacturing, food processing and services sectors, mainly... (SMEs) has been prioritised since 2009. Today, we are signing a groundbreaking operation by launching a completely new product. This is the first ever SME covered bond in Turkey. It is expected to have
Size - EUR 650m, the largest climate-themed bond in EUR market ever
Mini-benchmark approach - allowing for liquidity, flexible sizing to investor demand and transparent pricing in line with the EIB... , rated Aaa/AAA/AAA (Moody’s / Standard and Poor’s / Fitch), today issued a EUR 650m Climate Awareness Bond. The issue carries an annual coupon of 1.375%, has a final maturity date of 15 November 2019 and has been priced in line with the existing EIB ECoop curve at MS+4 bps. The bond generated strong demand among a series of investors genuinely interested in the socially responsible features
international bond issue denominated in GHS (Ghanaian Cedi). The issue is for an amount of GHS 20,000,000 (EUR 15m approximately) and carries an annual coupon of 10.75%. The bond is synthetic, with settlements and payments in Euros, as determined by the Calculation Agent based on the EUR/GHS exchange rate. The bond has an issue price of 100% and matures 26 October 2009. The transaction was lead managed by Barclays Capital & Barclays Bank of Ghana. The bond follows recent initiatives by EIB in African currencies in the international capital markets - in Botswana pula, Egyptian pounds
On July 17, the European Investment Bank (‘EIB’) priced its largest SEK denominated Climate Awareness Bond (CAB) transaction of 2013. The SEK 750 million new issue offers a 7 year maturity and pays a quarterly coupon of 3-Month STIBOR +43bp. The bond was placed with one Scandinavian investor. Climate Awareness Bonds raise funds from fixed income investors to support EIB lending for renewable... ”). Comments on the issue: Eila Kreivi , Director and Head of Capital Markets Dept. at the EIB , said: “EIB’s largest SEK Climate Awareness Bond transaction of the year follows EIB’s largest EUR Climate
On July 30, the European Investment Bank (‘EIB’) priced a SEK 400 million tap of its SEK 750 million Climate Awareness Bond (CAB) maturing on July 24, 2020. The bond was placed with Scandinavian... lending for renewable energy and energy efficiency. The sole Lead Manager for the transaction was Danske Bank.
Summary Terms and Conditions for Bond Issuance:
Issue Amount SEK 400m (bringing... to projects through the annual Corporate Responsibility report and a dedicated Climate Awareness Bond Newsletter. EIB funding strategy and results The Bank’s funding strategy combines a consistent
The European Investment Bank (EIB), the European Union's financial institution and largest non-sovereign borrower in Europe has joined forces with Caboto, the Investment Bank of the Group Intesa, to launch the first Targeted EARN e-bond. The EUR 500 million bond issue with maturity 15th October 2002, has a coupon of 4.625%. It is EIB's first issue to be distributed electronically. Caboto, acting as the sole lead-manager, through its RetLots system, makes the issue available to its most important institutional clients in Italy and abroad through Internet and Bloomberg. Senior Co-lead Managers
has been used on this scale in the bond market. This Directive sets out an efficient mechanism for the passporting of prospectuses in the member states of the European Union: Articles 17 and 18 provide... Exchange ( www.bourse.lu ). The issue sets a new standard for the European bond market. Led by Merrill Lynch International as Global Co-ordinator, the syndicate comprises 12 Co-Lead Managers, one from... will therefore be offered a European bond with uniform features. The bond addresses demand for protection against inflation via a structure that provides investors with a return, over an extended period
The European Investment Bank (EIB) priced today a successful 5-year US$ global bond. The new US$ 3 billion benchmark with a maturity of 1 March 2007, is the EIB's second US$ denominated Global bond... of liquidity and maximum performance potential. Additionally, the size enables the bonds to benefit from electronic secondary trading on the TradeWeb® system immediately on settlement date.
The bond... %
"This new US$ Global bond is another important example of the EIB's determination to provide investors around the world and in each of the major currencies attractive and liquid investment
launched the international market's first ever bond issue denominated in MUR (Mauritian rupee). This extension of Euromarket bond issuance in African currencies follows EIB's innovative issuance in a range of African currencies. The bond matures 4 April 2010 and carries an issue size of MUR 1,000,000,000 (approx. EUR 23 million), representing a benchmark size for this market. The bond has an issue... Bank of Mauritius for on-lending to SMEs. Comments from EIB and the Lead Managers on the Bond Issue: EIB's Richard Teichmeister, Head of Funding for Europe (exc. EURO) and Africa, said: This transaction
The European Investment Bank (EIB) priced today a successful 3-year US$ global bond. The new US$ 3 billion benchmark with a maturity of 30 August 2005, is the EIB's third US$-denominated Global bond in 2002. Lead managers are JPMorgan, Nomura and Salomon Smith Barney. The EIB's US$ funding program is a major building block of the Bank's presence in the international capital markets. This year... the bonds to benefit from electronic secondary trading on the TradeWeb® system immediately on the settlement date. The bond was priced at an Issue Price of 99.821%, carries a coupon of 4%, resulting
The European Investment Bank (EIB) priced today a successful 5-year US$ global bond. The new US$ 3 billion benchmark with a maturity of 16 June 2008, is the EIB's third US$ denominated Global bond in 2003 following US$ 3 billion 3-year and US$ 1 billion 3 non-call 2 bonds. Bookrunners and Lead managers are Credit Suisse First Boston, Goldman Sachs, and Salomon Smith Barney, and Co-managers... and liquid investments from our global investor base. We have been looking for an opportunity to provide markets with a new 5-year benchmark after our bond issue a year ago, and we are pleased to have
der Klimaschutzanleihen, die in diesem Jahr erfolgten, zählt die Aufstockung einer bestehenden Anleihe um 700 Mio SEK im Februar (Restlaufzeit: 3 Jahre). Dieser neue Climate Awareness Bond bietet...
Hinweis für die Redaktion: Climate Awareness Bond (CAB) Die Erlöse der Klimaschutzanleihen der EIB können, wenngleich nicht ausschließlich, für folgende Vorhaben verwendet werden: Projekte im Bereich
Today, the European Investment Bank (‘EIB’) priced its first Climate Awareness Bond (CAB) transaction of 2013, a SEK 500 million tap of the April 2019 line, thus offering a residual maturity of 6... ) (“SEB”) and Bank of America Merrill Lynch.
Comments on the issue: Bertrand de Mazières , Director General of Finance, at the EIB , said: “EIB’s first Climate Awareness Bond transaction of the year... more EIB managed to attract new investors to the Green Bond market with their climate awareness bonds and there are clear signs of asset managers now joining the asset owners in climate investments
The European Investment Bank (EIB), the Bank promoting European objectives - owned by EU Member States, plans to launch its first bond issue in Romanian Leu (RON) in the Romanian domestic market. The bond will be a rarity for the domestic market in offering a benchmark-sized issue from a Triple-A rated issuer. The bond is also expected to offer innovation in terms of maturity. The domestic' format of the bond means it would be listed in Romania and issued under local law and clearing systems, enhancing accessibility for domestic investors. The planned issue in RON is intended to offer
On its fourth appearance in the US$ Global market in 2003, the European Investment Bank (EIB) today extends both its successful track record and Global yield curve with a new 10-year bond via Lead... the well-developed 3 and 5-year sectors, the demand and activity has once again reached levels where the traditional US$ 1 billion Global bond can be executed successfully and enjoy global distribution... of Finance at the EIB. Goldman Sachs' Michael Sherwood, Head of European/Asian Fixed Income commented, The first and only other 10-year Global bond by EIB was in 1996, making today's offering a rare
The European Investment Bank, the European Union's lending institution, launched a USD 3 billion (1) 5-year global benchmark issue, its third and largest global bond this year. This issue reflects EIB's strategy to raise the liquidity and benchmark status of its dollar bonds and thereby increase distribution in the United States. The EIB's benchmark curve has now been increased to almost USD 23 billion. Priced at a re-offer spread of 58.5 bps over the US Treasury, the issue achieved broad geographic distribution from customers in the US, Asia and Europe. HSBC, Morgan Stanley, and Salomon
The European Investment Bank (EIB), the Bank promoting European objectives, owned by the EU Member States and rated Aaa/AAA/AAA (Moody’s/Standard and Poor’s/Fitch), currently marketing a new EUR bond that combines innovative features focused on climate protection has decided to extend the public offering period by one week. The public offering now runs until 29.06.2007, in order to satisfy ongoing retail demand. Consequently, the pricing and settlement dates for the transaction are also changed, with the new dates now set to be 02.07.2007 and 05.07.2007 respectively. Lead managers
The European Investment Bank (EIB') today priced a new Swedish krona benchmark bond. This issue extends EIB's liquid presence in the SEK market into a longer maturity bracket, following the issue last year of an SEK bond maturing in 2009 (total outstanding: SEK 4.05bn) which constitutes the largest outstanding SEK issue in the Eurobond market. For the new 10-year transaction, Nordea acted as sole... issues at the long end of the SEK bond market. The maturity of the new issue matches the Swedish Government Bond # 1041, due 05 May 2014, and has been priced at 21 bp over this reference
The European Investment Bank (EIB), the European Union's long term lending institution, is planning to launch the first Sterling e-bond and proposes to use a newly established EIB Sterling Dealer... Sterling e-bond The EIB is to use the new Dealer Group methodology for the first time with the first Sterling-denominated e-bond, to be lead managed by Barclays Capital and Warburg Dillon Read... and its Dealers in building up a significant presence in the Sterling bond market." "Our announcement of an EIB Sterling e-bond transaction, the first in the Sterling market and the first by a European
New Benchmark issue for Botswana market
First Euro-Pula synthetic bond issue
First non-domestic issuer
Extends African Euromarket
10% Coupon, 5 year maturity
The European Investment Bank (EIB... an extension of Euromarket bond issuance in African currencies, complementing the well-established South African rand market. This bond issue is the first in Botswana by an international issuer, and the first in a Euro-BWP format. The bond matures 6th December 2010, has an annual coupon of 10% and an issue size of BWP 500,000,000. The bond has an issue price of 100%. Settlements and payments
First International Namibian Dollar bond issue, first non-domestic issuer
Synthetic format with payments in EUR
Extends African Euromarket
7.90% Coupon, 5 year maturity
Paves way... ), today launched the first international Namibian dollar bond. The issue is for an amount of NAD 250,000,000 (EUR 33m approximately) and carries an annual coupon of 7.90%. The bond is synthetic, with settlements and payments in Euros, as determined by the Calculation Agent based on the EUR/NAD exchange rate. The bond has an issue price of 100% and matures 30th March 2011. The transaction was lead
First bond to offer: Proceeds earmarked for future projects in the fields of renewable energy and energy efficiency, thereby supporting climate protection
Return linked to the performance... markets of the EU, resulting in the largest- ever syndicated index-linked bond
The European Investment Bank (EIB), the Bank promoting European objectives, owned by the EU Member States and rated Aaa/AAA/AAA (Moody’s/Standard and Poor’s/Fitch), plans to issue a new EUR bond that combines innovative features focused on climate protection and offers a unique investment opportunity. This issue, EIB
The first transaction under the Project Bond Credit Enhancement initiative has successfully taken place. Investment in the Castor underground gas storage project, that will provide storage for 30% of Spain’s daily gas consumption, was supported by the successful issue of the first European Investment Bank supported project bond. The EIB will provide a total of EUR 500 million for the project. The Castor project is being developed by ACS Group and Dundee Energy and the promoter is the Spanish Ministry of Industry. The EUR 1.4 billion bond issue for the Castor project was supported by a EUR 200