European Investment Bank plans euro-denominated climate awareness bonds

Chicago, Jan. 8 – European Investment Bank (Aaa/AAA/AAA) selected lead managers for a new offering of euro-denominated climate awareness bonds with a 10-year tenor, according to a market source.

BofA Securities, BNP Paribas, Morgan Stanley and Natixis will work as bookrunners on the EARN benchmark deal that will have a Jan. 16, 2034 maturity date.

The Regulation S deal is expected in the near future.

Proceeds will be allocated to lending activities contributing to climate change mitigation in line with evolving EU sustainable finance legislation.

EIB is the lender for the European Union and is based in Luxembourg.

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