EIB in the news

  • Funding scorecard: supranationals

    This week's funding scorecard looks at the progress supranationals have made in their funding programmes in mid-October.

    • 16 Oct 2020
  • EIB makes climate finance mainstream as taxonomy unlocks standards

    The European Union’s new green grammar book is multiplying the impact of climate finance. From funding to lending to innovation, the EU Taxonomy is helping embed climate throughout the European Investment Bank’s activities.

    • 15 Oct 2020
  • CEB begins pre-funding for 2021

    The Council of Europe Development Bank (CEB) took advantage of a strong market on Wednesday to issue its first ever benchmark transaction for pre-funding purposes.

    • 15 Oct 2020
  • EIB emphasises development as Covid exposes global economic weakness

    The European Investment Bank isn’t letting the Covid-19 pandemic divert it from its common purpose, but is focusing it more clearly than ever on the development sphere.

    • 14 Oct 2020
  • EIB 2020: When ambition becomes transformation

    The European Investment Bank took a bold step when it announced in November last year that it would end funding for fossil fuel projects, alongside a slew of ambitious targets. This year has been about putting in place the roadmap for its transformation

    • 13 Oct 2020
  • Cades preps second dollar social bond

    Caisse d’Amortissement de la Dette Sociale (Cades) will add a new point on its dollar social bond curve with a 10 year trade on Wednesday, where it will be joined by two other public sector issuers in the currency.

    • 13 Oct 2020
  • Dependable EIB steers steady course through Covid storm

    It has been a year of tumult in the capital markets but you would not know that from examining the results of the European Investment Bank’s funding programme in 2020 and comparing it to 2019.

    • 12 Oct 2020
  • BNG prints longest ever sustainability bond

    Bank Nederlandse Gementeen kicked off a busy week for socially responsible bond issuance by public sector borrowers with a well-received 12 year sustainable bond, its longest ever deal in that format.

    • 01 Oct 2020
  • New fund aims to leverage €4bn to close cities’ climate finance gap

    A €100m fund launched this week aims to leverage as much as €4bn from private investors and other sources to close a financing gap cities face in implementing infrastructure projects to tackle climate change.

    • 25 Sep 2020
  • AIIB and EIB up 2020 funding authorisations

    The Asian Infrastructure Investment Bank and European Investment Bank have increased their 2020 borrowing authorisations. The former has upped their potential borrowing by half in response to the rapid take-up of its Covid-19 Crisis Recovery Facility.

    • 24 Sep 2020
  • Covid-19: SSA response bonds

    Sovereign, supranational and agency bond issuers are mobilising their resources to support the fight against Covid-19. The below table details the bonds they have issued, specifically in response to the coronavirus pandemic.

    • 22 Sep 2020
  • EIB USD1.5bn 0.75% Sep 30 Climate Awareness Bond

    • 17 Sep 2020
  • Cades and IDA set new size records

    Caisse d’Amortissement de la Dette Sociale (Cades) and the International Development Association set new size records this week, with the former bringing the biggest ever social bond in dollars and the latter issuing its biggest ever bond since entering the capital markets in 2018.

    • 17 Sep 2020
  • Cades debuts social framework in dollars

    French agency Cades and the International Development Association returned to the dollar market for the first time since the summer break on Tuesday to bring a pair of five year socially responsible deals.

    • 15 Sep 2020
  • Cades lines up first dollar social bond

    French agency Cades will debut its social bond framework in dollars on Tuesday, less than a week after it raised the largest ever bond in the format with its inaugural issue in euros. It will share the market with the International Development Association (IDA), which is preparing to kick off its 2020/21 funding year with a sustainable development benchmark of its own.

    • 14 Sep 2020
  • EIB kicks off five year dollars, OeKB to follow

    The EIB kicked off the post-Labor Day SSA dollar market on Wednesday with a five year deal, it's third of the year. Oesterreichische Kontrollbank (OeKB) is set to follow, having mandated for its second five year dollar deal of the year.

    • 09 Sep 2020
  • EIB out with five year dollars as 2020 funding programme nears end

    The European Investment Bank hit screens with a five year dollar benchmark on Tuesday in what will be the latest in a series of European supranationals and agencies issuing bonds in this currency and maturity.

    • 08 Sep 2020
  • Funding scorecard: supranationals

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

    • 04 Sep 2020
  • EIB’s energy and climate VPs leave, prompting reshuffle

    Two senior officials who have been central to the European Investment Bank’s transition to greener lending and rebranding as the EU’s ‘climate bank’ are leaving, prompting a reshuffle of the management committee.

    • 01 Sep 2020
  • EIB brings first Sonia linked to BoE index as non-UK sterling issuance plummets

    The European Investment Bank gave the flagging volumes in the non-UK sterling SSA market a boost on Friday, bringing the first ever Sonia floating rate note linked to the Bank of England’s new compounded Sonia index.

    • 28 Aug 2020
  • EIB EUR3bn 0% Sep 30

    • 27 Aug 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 7.83 17 11.04%
2 HSBC 6.17 24 8.70%
3 Goldman Sachs 5.57 6 7.86%
4 RBC Capital Markets 5.43 13 7.66%
5 Barclays 5.06 11 7.14%
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 JPMorgan 38.84 54 9.95%
2 BNP Paribas 33.77 38 8.65%
3 Citi 29.08 41 7.45%
4 BofA Securities 24.86 61 6.37%
5 Barclays 23.07 39 5.91%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 51.31 118 11.65%
2 JPMorgan 39.25 85 8.91%
3 HSBC 32.24 89 7.32%
4 Goldman Sachs 31.65 55 7.19%
5 BofA Securities 30.95 75 7.03%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 63.08 139 8.90%
2 BNP Paribas 55.58 101 7.85%
3 UniCredit 46.75 113 6.60%
4 HSBC 45.25 133 6.39%
5 Credit Agricole CIB 43.66 101 6.16%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 124.42 345 7.56%
2 Citi 108.24 237 6.58%
3 HSBC 94.83 294 5.76%
4 BofA Securities 84.25 229 5.12%
5 Deutsche Bank 75.31 201 4.58%