By Sheri Kasprzak
New York, Sept. 4 - European Investment Bank sold $5 billion in 1.75% notes at a spread of Treasuries plus 39.85 basis points, according to a pricing sheet released Friday.
The notes (Aaa/AAA/AAA), due Sept. 14, 2010, priced at 99.944 to yield 1.769%.
Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Goldman, Sachs & Co. were the bookrunners for the offering, with Bank of America Merrill Lynch, Daiwa Securities America Inc., Morgan Stanley & Co. Inc., RBC Capital Markets Inc. and UBS Securities Inc. as the co-managers.
Proceeds for the offering will be used to fund EIB's general operations, including the disbursements of loans granted by the bank.
Headquartered in Luxembourg, European Investment Bank is a long-term lending bank to the European Union.
| Issuer: | European Investment Bank
|
| Issue: | Notes
|
| Amount: | $5 billion
|
| Maturity: | Sept. 14, 2012
|
| Coupon: | 1.75%
|
| Price: | 99.944
|
| Yield: | 1.769%
|
| Spread: | Treasuries plus 39.85 bps
|
| Bookrunners: | Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Goldman, Sachs & Co.
|
| Co-managers: | Bank of America Merrill Lynch, Daiwa Securities America Inc., Morgan Stanley & Co. Inc., RBC Capital Markets Inc. and UBS Securities Inc.
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | Sept. 2
|
| Settlement date: | Sept. 10
|
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