By Lisa Kerner
Charlotte, N.C., Oct. 5 – The European Investment Bank priced a €400 million 0.5% climate awareness bond (CAB) due Nov. 15, 2023, increasing its previously announced €600 million CAB to €1 billion.
This brings EIB’s total CAB issuance to €10.5 billion, according to a news release.
The new issue (Aaa/AAA/AAA) has been awarded a sustainability bond rating of b+ from oekom.
Credit Agricole CIB, Rabobank, SG CIB and UniCredit acted as joint bookrunners.
The lender for the European Union is based in Kirchberg, Luxembourg.
| Issuer: | The European Investment Bank
|
| Issue: | Climate awareness bond
|
| Amount: | €400 million
|
| Issue amount after tap: | €1 billion
|
| Maturity: | Nov. 15, 2023
|
| Bookrunners: | Credit Agricole CIB, Rabobank, SG CIB and UniCredit
|
| Coupon: | 0.5%
|
| Price: | 99.66
|
| Reoffer spread: | Mid-swaps minus 19 bps
|
| Pricing date: | Oct. 1
|
| Payment date: | Oct. 8
|
| Listing: | Luxembourg
|
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