On Tuesday, 23 August, the European Investment Bank (‘EIB’) priced a new Global Sustainability Awareness Bond due 15 November 2027. The bond pays a semi-annual coupon of 3.250% and has an issue price of 99.970%, providing a spread of +13.73bps over the reference 2.750% UST due 31 July 2027.
Summary Terms and Conditions for the new bond issue
|
Issue Amount |
USD 4 billion |
|
Pricing Date |
22nd August 2022 |
|
Payment Date |
30th August 2022 |
|
Maturity Date |
15th November 2022 |
|
Re-offer Price |
99.970% |
|
Re-offer Yield |
3.257% sa |
|
Coupon |
3.250% s.a., 30/360, short first coupon on 15th November 2022 |
|
Re-offer Spread |
SOFR MS + 38bps, T 2.750% 07/31/2027 + 13.73 bps |
|
Fees |
0.125% |
|
Format |
SEC Registered Global |
|
Listing |
Luxembourg |
|
Joint Lead Managers |
Citi, J.P. Morgan, TD Securities |
With this transaction, the EIB will have raised EUR 36.2bn (incl. pre-funding) or ca. 80% of its EUR 45bn programme.