EIB as a Borrower
Liquidity, transparency, diversification and innovation are among the key characteristics of the Bank's borrowing policy. In 2007 (*) EUR 55 billion was raised in via 23 different currencies, four of which were in synthetic format (**) in a wide range of markets employing a variety of borrowing formulae and issuing techniques.
As a large-scale borrower permanently present in the markets, the EIB is particularly interested in the successful performance of its issues from launch until maturity. Consequently, the issuing techniques employed by the Bank in the different markets are attuned both to the nature of these markets and to investors' preferences. The EIB closely monitors the secondary market performance of its bonds.
By remaining in constant touch with the financial and banking community, the EIB is able to maintain an ongoing dialogue with its partners, thereby securing attractive investment vehicles for investors.
(*) Including 'pre-funding' of EUR 77 million completed in 2006 for 2007.
(**) The 23 currencies used in 2007 were: EUR, GBP, USD, AUD, BGN, CAD, CHF, DKK, HUF, ISK, JPY, NOK, NZD, PLN, RON, RUB, SEK, TRY and ZAR. BRL, BWP, GHS and MUR were issued in synthetic format.
EIB bonds and Socially Responsible Investors
The European Investment Bank (EIB) Group has the core principles of Corporate Social Responsibility (CSR) at the heart of its strategy, objectives and policies. CSR is sound business practice. It emphasises the importance of achieving a balance between economic growth, social well-being and the protection of the environment, in support of the goal of sustainable development. It underwrites institutional sustainability through competitiveness, the productive use of resources and good governance (including anti-fraud and anti-corruption measures). It involves the financial and business sectors, governments, employees and civil society working together for our common future.