EIB

After three decades – and a few financial crises – on the trading floors of four of the largest investment banks, most traders would probably be contemplating leaving to either set up their own hedge fund or take their well-deserved retirement from the industry. Fewer still might be considering, and actually going through with, making a move into public sector employment.

Trio of factors drive strong result for EIB's likely final euro benchmark offering of 2021

The EIB publishes today its 2020 Climate Awareness Bond Framework. Together with the upcoming 2020 Sustainability Awareness Bond Framework, this document explains how the bank is aligning its green and sustainability bonds with the EU Taxonomy Regulation and the proposed EU Green Bond Standard Regulation. Aldo Romani and Tomomitsu Maruta of EIB’s sustainability funding team put into context this significant development at the ‘EU Climate Bank’.

Supra breaks order book record with dollar fixed rate benchmark reopener

In the past two years, environmental, social and governance matters, especially climate change, have gone from a fringe issue in capital markets to — almost — the main issue. Banks, investors, companies and governments have shouldered the responsibility of helping move the economy to net zero emissions in 30 years. That duty has joined the fiduciary obligation to make money for customers and shareholders that have been the markets’ main motivation in the past.

This week's funding scorecard looks at the progress supranationals have made in their funding programmes at the end of June.

Tobias Rischen joined the European Investment Bank in Luxembourg on Monday as an associate funding officer.

The European Investment Bank failed to impress market participants on Tuesday with an order book far smaller in size than usual for an Earn benchmark and no move in the spread after guidance.

Rating: Aaa/AAA/AAA

The European Investment Bank and the Nordic Investment Bank found decent demand as they brought the first public SSA dollar deals of the week on Thursday.

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, April 26. The source for secondary trading levels is ICE Data Services.

Rating: Aaa/AAA/AAA