eib

EIB issues new climate bond with longer tenor (12yr), EUR 500m ($657m), coupon 1.25%, AAA. Takes EIB total climate bond issuance to EUR 6bn!

European investors yesterday snapped up a new Euro denominated “Climate Awareness Bond” from EIB. With double the tenor of the EIB’s 2013 6yr issuance this bond provides a longer time horizon for investors that reflects “the duration of renewable energy and energy efficiency projects”.

EIB taps yet another 6yr EUR250m climate bond + issues 4yr ZAR250m ($70m) + does a 25yr, Y5bn ($50m) Green Samurai. Who says Luxembourg is a sleepy place?

The European Investment Bank has been busy. A fortnight ago they "tapped" (see our recent post for what that means) their 2013 six year Climate Awareness Bond for another EUR250 million. Underwriter was Deutsche Bank.

 

Then last week they tapped their 4 year South African Rand (ZAR) Climate Awareness Bond for another ZAR 250m (EUR 17 million), bringing the total for the bond up to ZAR 1 billion (EUR 67 million). Lead managers were Citi and Morgan Stanley.