EIB - European Investment Bank
EIB - European Investment Bank
09/15/2025 | Press release | Distributed by Public on 09/16/2025 09:22
EIB completes its EUR 60bn funding programme with a record breaking EUR 5bn 5-year Climate Awareness EARN benchmark
- Closing in excess of EUR 50.5bn, this is the largest ever 5y order book and second largest book overall for EIB
- At about EUR 23.4bn, this is the largest ever volume raised by the Bank in Climate Awareness Bond format in any year
On Tuesday 16th of September, the European Investment Bank ('EIB') priced a new EUR 5bn long 5-year climate awareness EARN benchmark due 17th of February 2031. The bond pays an annual coupon of 2.500% and has an issue price of 99.634%, providing a spread of +27.5bps over the OBL 2.200% due 10th October 2030.
The mandate for the transaction was announced on Monday 15th of September. Books formally opened the following day with price guidance at mid-swaps +21bps area. Mid-morning, on the back of a solid orderbook, the spread was set at mid-swaps +19bps, 2bps inside initial guidance. The order book closed in excess of EUR 50.5bn (incl. EUR 3.3bn JLM interest).
Composition of demand
|
By Geographical Region |
By Investor Type |
|||
|
United Kingdom |
31% |
Bank Treasuries |
43% |
|
|
France |
8% |
Central Banks / Official Institutions |
34% |
|
|
Germany |
5% |
Fund Managers |
23% |
|
|
Rest of Europe |
31% |
|||
|
Asia |
18% |
|||
|
Rest of World |
7% |
Summary Terms and Conditions for the new bond issue
|
Issue Amount |
EUR 5 billion |
|
Pricing Date |
16 Sep 2025 |
|
Payment Date |
23 Sep 2025 |
|
Maturity Date |
17 Feb 2031 |
|
Re-offer Price |
99.634% |
|
Re-offer Yield |
2.575% |
|
Coupon |
2.50% |
|
Re-offer Spread |
MS+19bps |
|
Fees |
0.125% |
|
Format |
EARN - RegS, Category 1, Registered Form |
|
Listing |
Luxembourg Stock Exchange |
|
Joint Lead Managers |
BNP Paribas, Citi, Natixis, UBS |
Contact
Investor Relations
- [email protected]
- +352 43 79 - 53000
Related pages
- Our funding
- Investor Relations
Reference
fi-2025-15-EN
EIB - European Investment Bank published this content on September 15, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 16, 2025 at 15:22 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]