BEI 15.01.2021 tasso fisso 3,625% eur isin XS0605958791

[cricket72]

segnalo la nuova emissione a 10 anni della Banca Europea per gli Investimenti
e allego anche il comunicato ufficiale



BEI 15.01.2021 tasso fisso 3,625% eur isin XS0605958791




Successful return to the 10-year EUR benchmark sector

Release date: 10 March 2011


First 10-year EUR benchmark for EIB since February 2009
First 10-year EUR benchmark by a supranational borrower in 2011
Broad demand across all key centres of interest in Europe
Good participation from central banks and Asia given the long maturity


The European Investment Bank today priced a new EUR 3 billion benchmark Euro Area Reference Note (EARN) in the 10-year sector. This is EIB’s second EARN benchmark in 2011, following a successful 3-year transaction in January this year.

The issue carries an annual coupon of 3.625% and has a final maturity date of 15th January 2021, thus providing the EIB EUR curve with a new current coupon benchmark in the 10-year sector. The 2021 maturity also fits well in EIB’s redemption profile with a gap in the curve between 2020 and 2024. The bond was priced at a spread of mid-swaps plus 20bps, equating to a spread of +45bps over the DBR 2.5% January 2021.

The transaction was announced on Wednesday 9 March at 4pm London time and the orderbook opened on Thursday 10 March at the initial guidance of MS+20bps area. Despite some volatility in the Euro government space following the Moody’s downgrade of Spain on Thursday morning, the deal attracted robust demand from a wide variety of high quality accounts, with the orderbook closing in excess of EUR 4 billion.

The final distribution reflected the breadth of EIB’s reach in key centres of demand in Europe as well as the high quality of the orderbook with a notable 16% participation from Central Banks and a 13% participation from Asian investors, a strong result given the long maturity.


Composition of demand for the EARN issue:

By Country

Germany 22%
France 15%
UK 14.5%
Benelux 14%
Asia 13%
Scandinavia 9%
Switzerland 7%
Italy 2%
Other 3.5%

By Investor Type

Banks 48%
Insurance/Pension Funds 21%
Central Banks/ Off Inst's 16%
Fund/Asset Managers 15%

[almagesto]

ma che rendimento di *****

[cricket72]

Originalmente inviato da almagesto

ma che rendimento di *****

intanto queste emissioni vanno a ruba e son richieste dal mercato
diversamente non riuscirebbero a collocarne neanche una