By Devika Patel and Cristal Cody
Knoxville, Tenn., Feb. 11 – The European Investment Bank offered further details, including the yield, about a $4 billion sale of 1.25% 10-year notes that priced at 99.254 on Tuesday to yield mid-swaps plus 11 basis points or Treasuries plus 18.7 bps, according to an FWP filed with the Securities and Exchange Commission.
The notes will yield 1.33%.
The notes were initially talked to price in the mid-swaps plus 13 bps area.
J.P. Morgan Securities plc, Barclays and Citi are the bookrunners.
The lender for the European Union is based in Kirchberg, Luxembourg.
| Issuer: | European Investment Bank
|
| Amount: | $4 billion
|
| Description: | Notes
|
| Maturity: | Feb. 14, 2031
|
| Bookrunners: | J.P. Morgan Securities plc, Barclays and Citi
|
| Coupon: | 1.25%
|
| Price: | 99.254
|
| Yield: | 1.33%
|
| Spread: | Mid-swaps plus 11 bps or Treasuries plus 18.7 bps
|
| Trade date: | Feb. 9
|
| Settlement date: | Feb. 16
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Fitch: AAA
|
| Price guidance: | Mid-swaps plus 13 bps area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
