EIB in the news

  • EIB EUR1bn FRN Jan 28

    • 21 Jan 2021
  • Capital trades the focus for Aussies in 2021

    Westpac kicked off 2021’s Australian financials market on Thursday by launching a new tier two bond. Aussie borrowers are expected to focus on capital trades this year in order to meet their total loss-absorbing capacity (TLAC) requirements with tier two debt.

    • 21 Jan 2021
  • EIB reboots €STR FRN market with curve extension

    The Europe Investment Bank extended the euro short term rate (€STR) floating rate note curve on Wednesday with 2021’s first deal in the format.

    • 21 Jan 2021
  • France smashes order book record with new 50 year as long end rush extends

    France set a new order book record with its new 50 year syndicated bond on Tuesday. Two other public sector borrowers joined the sovereign at the long of the euro curve.

    • 19 Jan 2021
  • SSA secondary pricing update: Spain’s new 10 year stays wide of reoffer

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, January 18. The source for secondary trading levels is ICE Data Services.

    • 19 Jan 2021
  • SSA secondary pricing update: EIB and KfW perform strongly following record euro order books

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, January 11. The source for secondary trading levels is ICE Data Services.

    • 12 Jan 2021
  • EIB lands record Sonia

    Sterling deals have received a superb investor response so far this year but perhaps none more so than Monday’s record setting Sonia floater from the European Investment bank.

    • 11 Jan 2021
  • CPPIB, EFSF and EIB light up euro SSA long end

    The first public deals of the year in the long end of the euro curve from the supranational and agency sector arrived on Monday, with the trades receiving huge demand and pricing exceptionally tight to secondary levels.

    • 11 Jan 2021
  • EIB impresses with Kanga CAB

    European Investment Bank kicked off a strong first week of issuance with an impressive outing in the Kangaroo market, raising A$1.25bn ($973.2m) with a Climate Awareness Bond.

    • 08 Jan 2021
  • EIB smashes euro book record with almost €50bn of demand

    The European Investment Bank received an order book close to two and half times bigger than its previous record in euros on Thursday as it printed its first benchmark in the currency of the year.

    • 07 Jan 2021
  • EIB readies 10 year euros following KfW’s record breaking success

    The European Investment Bank announced its first euro benchmark of the year on Wednesday, looking to take advantage of a super strong backdrop and avoid an expected heavy pipeline of supply next week.

    • 06 Jan 2021
  • Dollar SSA market springs to life

    The dollar SSA market leapt into action on Tuesday with an impressive deal from the European Investment Bank. Two more are set to follow on Wednesday, including a 10 year benchmark.

    • 05 Jan 2021
  • EIB goes for day one double, lines up dollars for Tuesday

    The European Investment Bank made a blazing start on Monday in tackling its 2021 borrowing programme, hitting the Australian dollar and sterling markets on Monday, and lining up a dollar deal for Tuesday.

    • 04 Jan 2021
  • Sterling SSA market opens, but backdrop tricky

    The European Investment Bank became the first borrower to tap the sterling market in 2021 on Monday, while KfW is set to follow on Tuesday. While the opening deal went well, the issuers had to contend with some sharp volatility.

    • 04 Jan 2021
  • V20 climate-vulnerable states prepare MDB derisking scheme

    The V20 group of finance ministers from countries especially vulnerable to climate change has prepared a Climate Prosperity Plan — analogous to a green new deal — which it hopes will help member countries devise 10 year investment plans to recover from Covid-19 while becoming more climate-resilient.

    • 23 Dec 2020
  • EIB partners with Luminor for Baltic risk transfer

    The EIB and EIF have guaranteed a synthetic securitization issued by Luminor Bank to support SMEs and mid-caps in the Baltic States.

    • 17 Dec 2020
  • Hungary to focus on local debt issuance in 2021

    Hungary has no plans to issue wholesale bonds in foreign currency markets next year, having raised more debt than expected in euros and yen in 2020.

    • 16 Dec 2020
  • Funding scorecard: supranationals

    This week's funding scorecard looks at the progress supranationals have made in their funding programmes at the end of November, with some issuers also setting their targets for 2021 and starting pre-funding.

    • 03 Dec 2020
  • EIB reprises leading role as post-Ibor harmonises around golden source indices

    Film buffs recognise that sometimes a sequel can be better than the original. Perhaps it does not have the same novelty, but scriptwriters can move on from establishing the back story to delivering a movie with wider appeal.

    • 01 Dec 2020
  • Italy prints bumper private floater

    Italy returned to the private placement market to print one of the year’s largest MTNs on Thursday. The deal stood out this week, since issuance in the market has started to wind down ahead of Christmas.

    • 27 Nov 2020
  • EIB plans final public outing of 2020

    The European Investment Bank hit screens on Monday afternoon to announce what will be its final benchmark deal of the year, with the issuer set to use every inch of its €70bn borrowing authorisation for 2020.

    • 26 Oct 2020


EIB data breakdown

Sources: EIB, Dealogic

Credit rating Aaa/AAA/AAA
Basel II risk weighting
0%
Headquarters
98-100, 
Boulevard Konrad Adenauer,
L-2950,
Luxembourg

 

See Funding scorecard: supranationals for EIB's funding progress this year.

 

EIB

Dealer League Table EIB

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 3.76 3 20.50%
2 Deutsche Bank 2.19 2 11.93%
3 TD Securities Inc 1.98 2 10.77%
4 UniCredit 1.59 1 8.69%
4 Goldman Sachs 1.59 1 8.69%
Key officials
  • Eila Kreivi, director, head of capital markets department
  • Sandeep Dhawan, head of benchmark funding
  • Carlos Ferreira da Silva, head of public markets funding
  • Richard Teichmeister, head of new products and special transactions funding
  • Aldo Romani, head of sustainability funding
Guarantee EU sovereign shareholders are legally bound to pay callable capital of €221.585bn on EIB demand, if required to meet financial obligations.
Ownership
structure
The shareholders of the European Investment Bank are the 28 Member States of the European Union. Each Member State’s share in the bank’s capital is based on its economic weight within the European Union (expressed in GDP) at the time of its accession.

France, Germany, Italy, UK: 16.11% each
Spain:  9.67%
Belgium, Netherlands:  4.47% each
Others:  16.95%
Private placement
policy
  • Minimum size of $10m eqv.
  • Can print interest rate linked and equity index linked structures, but not single stock linked
  • Minimum tenor is callable structures with minimum non-call period of one year
  • Can print in a wide range of currencies

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 4.88 3 16.63%
2 HSBC 3.99 3 13.59%
3 JPMorgan 3.00 3 10.22%
4 Citi 2.89 2 9.85%
5 Barclays 2.33 2 7.92%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 7.41 12 15.37%
2 Deutsche Bank 4.69 6 9.73%
3 JPMorgan 4.60 9 9.55%
4 BMO Capital Markets 3.83 3 7.95%
5 BofA Securities 3.72 5 7.73%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8.94 15 10.68%
2 HSBC 8.30 9 9.91%
3 SG Corporate & Investment Banking 7.46 7 8.91%
4 UniCredit 7.12 11 8.50%
5 Citi 6.84 7 8.17%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 14.79 19 9.78%
2 JPMorgan 14.45 40 9.56%
3 HSBC 12.32 18 8.15%
4 Deutsche Bank 10.51 17 6.96%
5 SG Corporate & Investment Banking 9.06 9 6.00%