By Andrea Heisinger
New York, Oct. 8 - European Investment Bank priced $4 billion 2.625% three-year notes on Monday to yield 132.7 basis points over the two-year Treasury rate, according to an FWP filing with the Securities and Exchange Commission.
The non-callable notes (Aaa/AAA/AAA) priced at 99.719 to yield 2.721%.
Interest is payable semiannually.
Bookrunners were Citigroup Global Markets Inc., Goldman Sachs and J.P. Morgan Securities Inc.
Co-managers were BNP Paribas, Credit Suisse, Merrill Lynch, Mitsubishi UFJ Securities, RBC Capital Markets and RBS Greenwich Capital.
Proceeds will be used for general operations, including disbursements of loans.
The funding bank of the European Union is based in Kirchberg, Luxembourg.
| Issuer: | European Investment Bank
|
| Issue: | Notes
|
| Amount: | $4 billion
|
| Maturity: | Nov. 15, 2011
|
| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs, J.P. Morgan Securities Inc.
|
| Co-managers: | BNP Paribas, Credit Suisse, Merrill Lynch, Mitsubishi UFJ Securities, RBC Capital Markets, RBS Greenwich Capital
|
| Coupon: | 2.625%
|
| Price: | 99.719
|
| Yield: | 2.721%
|
| Spread: | Two-year Treasuries plus 132.7 bps
|
| Call: | Non-callable
|
| Trade date: | Oct. 6
|
| Settlement date: | Oct. 14
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
© 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.
