EIB to repurchase Kr 2.78 billion of 2% bonds after one-day tender

By Wendy Van Sickle

Columbus, Ohio, Oct. 9 – European Investment Bank accepted tender offers for Kr 2,775,846,000 of its 2% bonds due 2026 during a one-day offer on Friday, according to a press release.

The offer for holders to sell back their bonds expired at 5:45 a.m. ET on Friday.

The bank will repurchase the bonds for midswaps plus 4 basis points, which equals 106.22% of par, plus accrued interest up to but excluding the settlement date.

The bonds will be canceled on the Oct. 16 settlement date, dropping the total of the bonds outstanding to Kr 324,154,000.

Nordea Markets (+45 33 33 19 31) is the dealer manager.

The lender for the European Union is based in Kirchberg, Luxembourg.

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