By Tali Rackner
Norfolk, Va., Jan. 6 – The European Investment Bank priced a €500 million 0.5% climate awareness bond (CAB) due Nov. 15, 2023, increasing its previously announced €1 billion CAB to €1.5 billion.
This brings EIB’s total CAB issuance to €11.8 billion, according to a news release.
The new issue has been awarded a sustainability bond rating of b+ from oekom.
BofA Merrill Lynch, Credit Agricole CIB, Commerzbank, DZ Bank, Rabobank and UniCredit acted as joint bookrunners.
The lender for the European Union is based in Kirchberg, Luxembourg.
| Issuer: | European Investment Bank
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| Issue: | Climate awareness bond
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| Amount: | €500 million
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| Issue amount after tap: | €1.5 billion
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| Maturity: | Nov. 15, 2023
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| Coupon: | 0.5%
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| Price: | 100.407
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| Reoffer spread: | Mid-swaps minus 21 bps
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| Bookrunners: | BofA Merrill Lynch, Credit Agricole CIB, Commerzbank, DZ Bank, Rabobank and UniCredit
|
| Pricing date: | Jan. 5
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| Payment date: | Jan. 12
|
| Listing: | Luxembourg
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