EIB launches largest EUR Climate Awareness Bond (CAB) ever

(LEXEGESE) - The European Investment Bank (EIB), the EU Bank owned by the EU Member States, issued a EUR 650m Climate Awareness Bond on 12 July 2013. The issue carries an annual coupon of 1.375%, has a final maturity date of 15 November 2019 and has been priced in line with the existing EIB ECoop curve at MS+4 bps. According to EIB, the bond generated strong demand among a series of investors genuinely interested in the socially responsible features of the transaction, adding new investors to EIB’s distribution, particularly in Benelux, Germany and France, which accounted for around 80% of final allocations. Asset managers, insurance companies and pension funds provided over 50% of distribution by investor type. These patterns are different from those usually observed in the demand for EIB’s mini-benchmarks in this maturity range ...Zum vollständigen Artikel


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