EIB has just closed a 6yr €650m Climate "Awareness" Bond

The European Investment Bank, after a gap of 15 months, today issued a new AAA €650m Climate Awareness Bond. Coupon is 1.375%, underwriters were Bank of America Merrill Lynch, Credit Agricole, DZ Bank and UniCredit. The bond’s proceeds are linked to loans to eligible renewable energy and energy efficiency projects.

According to IFR, books were only opened this morning, with an expectation of a minimum €500m placement. The quick close at €650m suggests demand was strong. Click here for buyer details.