By Aaron Hochman-Zimmerman
New York, Jan. 30 - The European Investment Bank (Aaa/AAA/AAA) priced a 500 million real five-year note at 99.38 with a coupon of 11.25% to yield 11.42% on Monday, according to a press release.
JP Morgan and BancaProfilo acted as bookrunners for the Securities and Exchange Commission-registered deal.
The notes are denominated in reals but will make payments in dollars.
The Luxembourg-based bank provides financing to European Union countries for construction and other national projects.
| Issuer: | European Investment Bank
|
| Amount: | 500 million reals
|
| Issue: | Five-year notes
|
| Maturity: | Feb. 14, 2013
|
| Coupon: | 11.25%
|
| Price: | 99.38
|
| Yield: | 11.42%
|
| Bookrunners: | JP Morgan, BancaProfilo
|
| Pricing date: | Jan. 28
|
| Settlement date: | Feb. 14
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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