EIB Successfully Prices $4 Billion 10-Year Bond, Demonstrating Strong Investor Confidence

(IN BRIEF) The European Investment Bank (EIB) has successfully priced its second USD benchmark of the year, issuing a new USD 4 billion 10-year Global Benchmark due February 13, 2034. The bond pays a semiannual coupon of 4.125% and has an issue price of 98.998%, providing a spread of 14.5bps over the 4.125% UST due November 15, 2033. With this transaction, the EIB has priced approximately EUR 19.6 billion equivalent year-to-date, representing 33% of its EUR 60 billion funding program for the year.

(PRESS RELEASE) LUXEMBOURG, 7-Feb-2024 — /EuropaWire/ — The European Investment Bank (EIB), the lending arm of the European Union, continues its successful funding activities with the pricing of its second USD benchmark of the year. The new USD 4 billion 10-year Global Benchmark, due February 13, 2034, showcases the EIB’s commitment to supporting sustainable development initiatives.

Key Details of the Offering:

• Issue Amount: USD 4 billion
• Pricing Date: February 6, 2024
• Payment Date: February 13, 2024
• Maturity Date: February 13, 2034
• Re-offer Price: 98.998%
• Re-offer Yield: 4.249%
• Coupon: 4.125% semiannual, 30/360
• Re-offer Spread: SOFR MS +50 bps, CT10 +14.5 bps
• Fees: 0.175%
• Format: SEC-registered Global
• Listing: Luxembourg
• Joint Lead Managers: BMO, BNPP, CITI

With this transaction, the EIB has now priced approximately EUR 19.6 billion equivalent year-to-date, accounting for 33% of its EUR 60 billion funding program for the year.

The EIB remains committed to financing projects that promote economic growth, environmental sustainability, and social progress across Europe and beyond.

For more information, please visit the EIB’s official website.

Investor Relations

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

SOURCE: European Investment Bank