EIB launches $1 billion of floaters due 2023 at SOFR plus 25 bps

By Cristal Cody

Tupelo, Miss., Jan. 22 – The European Investment Bank (Aaa/AAA/AAA) launched a $1 billion offering of floating-rate notes due Jan. 30, 2023 early Wednesday at SOFR plus 25 basis points, according to a market source.

Initial price talk was in the SOFR plus 27 bps area.

BofA Securities, Inc., CIBC World Markets Corp., Citigroup Global Markets Inc., RBC Capital Markets, LLC and TD Securities (USA) LLC are the bookrunners for the Rule 144A and Regulation S transaction.

The lender for the European Union is based in Kirchberg, Luxembourg.

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