European Investment Bank (EIB) Issues EUR 3 Billion 15-Year Bond Amid Strong Demand

European Investment Bank (EIB) Issues EUR 3 Billion 15-Year Bond Amid Strong Demand

(IN BRIEF) The European Investment Bank (EIB) has successfully issued a new EUR 3 billion 15-year EARN bond, set to mature on February 15, 2039. The bond offers an annual coupon of 3% and was priced at 99.072%. With demand exceeding EUR 45 billion, the EIB’s funding program for 2024 has seen substantial progress, accounting for 26.2% of its EUR 60 billion target. Notably, the bond attracted a diverse range of investors, including bank treasuries, fund managers, central banks, and official institutions, with strong interest from Germany, France, and the United Kingdom, among others.

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SOURCE: European Investment Bank