By Cristal Cody
Chicago, April 20 – The European Investment Bank sold $4 billion of 0.375% notes due July 24, 2024 on Tuesday, according to a market source.
The spread came wide to talk at mid-swaps plus 3 basis points versus expectations which had the notes in the mid-swaps plus 1 bp area, or alternatively at Treasuries plus 15.3 bps.
Goldman Sachs, Morgan Stanley and RBC are the bookrunners for the notes.
The lender for the European Union is based in Kirchberg, Luxembourg.
| Issuer: | European Investment Bank
|
| Issue: | Notes
|
| Amount: | $4 billion
|
| Maturity: | July 24, 2024
|
| Bookrunners: | Goldman Sachs, Morgan Stanley and RBC
|
| Coupon: | 0.375%
|
| Spread: | Mid-swaps plus 3 bps, or Treasuries plus 15.3 bps
|
| Trade date: | April 20
|
| Price talk: | Mid-swaps plus 1 bp
|
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