Bloomberg News

EIB Said to Add at Least 1 Billion Euros to October 2018 Bonds

January 24, 2012

Jan. 24 (Bloomberg) -- The European Investment Bank is adding at least 1 billion euros to its existing 3 billion-euro issue of 2.5 percent bonds due in October 2018, according to a banker involved in the transaction.

The new securities may be priced to yield about 65 basis points more than the swap rate, the banker said. The bond tap is being managed by JPMorgan Chase & Co., Royal Bank of Canada, Societe Generale SA and UniCredit SpA, and is due to be completed this week, the banker said.

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at parmstrong10@bloomberg.net


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