The European Investment Bank (EIB) last week increased the issuance of its Climate Awareness bond due 2026 to EUR 750m. The tap was “priced in line with the existing EIB ECoop curve at MS-1bp, two basis points better than the original tranche” according to a press statement. The lead manager was J.P. Morgan.
The tap brings EIB total green bond issuance to EUR 6.5bn ($8.4bn) and a mid-month total green bond issuance of $2.34bn for September. With at least two more big bonds expected to close in the next two weeks, will September be the biggest month for issuance so far this year? Fingers crossed!
