By Susanna Moon
Chicago, Sept. 6 – The European Investment Bank priced €500 million of 0.375% sustainability awareness bonds due 2026 on Thursday at a reoffer spread of mid-swaps plus 20 basis points.
The reoffer price was 99.474, for a reoffer yield of 0.445%, according to an announcement.
Barclays, Citigroup Global Markets Ltd. and HSBC Securities (USA) Inc. were the lead managers.
BAML, Commerzbank, Credit Agricole, UniCredit and SEB are the joint lead managers.
“The launch of the EIB’s new sustainability awareness bonds today demonstrates the EU Bank’s firm commitment to unlocking finance for high impact projects in sustainable sectors beyond climate,” Werner Hoyer, president, said in the press release.
“We have selected the water sector as a starting point, as it is a mature sector, with well-defined impact indicators. We look forward to expanding the scope of the sustainability awareness bonds in the coming months to cover health and education, which are key sectors where we can improve people’s daily life around the world.”
The lender for the European Union is based in Kirchberg, Luxembourg.
| Issuer: | European Investment Bank
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| Amount: | €500 million
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| Description: | Sustainability awareness bond
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| Maturity: | May 15, 2026
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| Coupon: | 0.375%
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| Reoffer price: | 99.474%
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| Reoffer yield: | 0.445%
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| Reoffer spread: | Mid-swaps plus 20 bps
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| Joint lead managers: | BAML, Commerzbank, Credit Agricole, UniCredit, SEB
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| Co-lead managers: | BNP Paribas, DEKA, DZ Bank, HSBC, Natixis
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| Pricing date: | Sept. 6
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| Settlement date: | Sept. 13
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