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EIB holds one-day tender for floaters due 2017, floaters due 2018
By Susanna Moon
Chicago, April 13 – The European Investment Bank said it is making a one-day tender offer for up to a maximum amount of two series of bonds, with the acceptance amount to be announced later.
EIB was tendering for its £1.98 billion of floating-rate bonds due February 2017 and its £1.95 billion of floating-rate bonds due May 2018, according to a notice.
The purchase price for each £1,000 principal amount is £1,001.44 for the floaters due 2017 and £1,003.43 for the floaters due 2018.
The tender began at 4 a.m. ET on April 13 and will end at 9 a.m. ET the same day.
Barclays Bank plc (+44 203 134 8515 or eu.lm@barclays.com) and Royal Bank of Scotland plc (+44 207 085 3781 or liabilitymanagement@rbs.com) are the dealer managers. Barclays will be the settlement bank.
The offer is not conditioned on a minimum participation amount.
Luxembourg-based European Investment Bank is the bank for the European Union.
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