By Lisa Kerner
Charlotte, N.C., Feb. 17 – European Investment Bank issued €250 million of 1.25% climate awareness bonds due Nov. 13, 2026, according to a term sheet.
The issue price is 107.104.
The bonds will be consolidated and form a single series with the existing €500 million of 1.25% CAB bonds due Nov. 13, 2026 and issued on Sept. 10, 2014, the existing €250 million of 1.25% CAB bonds due Nov. 13, 2026 and issued on Sept. 18, 2014, the existing €250 million of 1.25% CAB bonds due Nov. 13, 2026 and issued on Jan. 12, 2015 and the existing €250 million of 1.25% CAB bonds due Nov. 13, 2026 and issued on March 31, 2015.
Proceeds will be used for renewable energy and energy efficiency projects.
The bonds are not callable or putable.
Joint lead managers are Barclays Bank plc, BofA Merrill Lynch, Commerzbank AG, HSBC France and Natixis.
The lender for the European Union is based in Kirchberg, Luxembourg.
| Issuer: | European Investment Bank
|
| Issue: | Climate awareness bonds
|
| Amount: | €250 million
|
| Maturity: | Nov. 13, 2026
|
| Coupon: | 1.25%
|
| Issue price: | 107.104
|
| Call: | Non-callable
|
| Put: | Non-putable
|
| Joint managers: | Barclays Bank plc, BofA Merrill Lynch, Commerzbank AG, HSBC France and Natixis
|
| Settlement date: | Feb. 18
|
| Listing: | Luxembourg
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
