New Issue: European Investment Bank sells $1 billion floaters due 2024 at SOFR plus 28 bps

By Cristal Cody

Tupelo, Miss., Feb. 27 – The European Investment Bank (Aaa/AAA/AAA) priced $1 billion four-year floating-rate notes on Thursday at SOFR plus 28 basis points, according to a market source.

Initial price talk on the notes was in the SOFR plus 29 bps area.

Citigroup Global Markets Inc., HSBC Securities (USA) Inc., RBC Capital Markets, LLC, Standard Chartered Bank and TD Securities (USA) LLC were the bookrunners for the Rule 144A and Regulation S notes.

The lender for the European Union is based in Kirchberg, Luxembourg.

Issuer:	European Investment Bank
Amount:	$1 billion
Description:	Floating-rate notes
Maturity:	March 5, 2024
Bookrunners:	Citigroup Global Markets Inc., HSBC Securities (USA) Inc., RBC Capital Markets, LLC, Standard Chartered Bank and TD Securities (USA) LLC
Coupon:	SOFR plus 28 bps
Trade date:	Feb. 27
Ratings:	Moody’s: Aaa
	S&P: AAA
	Fitch: AAA
Distribution:	Rule 144A and Regulation S
Price talk:	SOFR plus 29 bps area

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