EIB Sets 2024 Issuance Target at €60 Billion with Borrowing Authorization of €65 Billion

EIB Sets 2024 Issuance Target at €60 Billion with Borrowing Authorization of €65 Billion

(IN BRIEF) The European Investment Bank (EIB) has outlined its financial plans for 2024, aiming to issue approximately €60 billion in bonds for the year. This issuance target was approved by the EIB Board of Directors in their December meeting, which also granted the institution borrowing authorization of up to €65 billion, providing flexibility for potential upsides. The estimated bond redemptions for 2024 are €62 billion. In 2023, the EIB successfully raised €49.8 billion while managing bond redemptions totaling €60.4 billion. The EIB, as the long-term lending institution of the European Union, is committed to making long-term finance accessible for sound investments that align with EU policy objectives. The institution maintains its strong credit standing due to exceptional asset quality, robust capital base and liquidity, unwavering shareholder support, prudent risk management, and a sound funding strategy.

(PRESS RELEASE) LUXEMBOURG, 16-Dec-2023 — /EuropaWire/ — The EIB estimates its new issuance for next year at EUR 60 billion. The EIB Board of Directors in its December meeting approved a borrowing authorization of up to EUR 65 billion, allowing for upside flexibility. The bond redemptions for 2024 are estimated at EUR 62 billion.

In 2023, the EIB has raised EUR 49.8 billion while the redemptions amounted to EUR 60.4 billion.

Background information on EIB

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. The Bank’s strong credit standing is underpinned by exceptional asset quality, a strong capital base and liquidity, firm shareholder support, conservative risk management and a sound funding strategy.

Media Contact:

Investor Relations
investor.relations@eib.org
+352 43 79 – 53000

SOURCE: European Investment Bank