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-EIB plans five-year bond issuance.

Global Banking News-May 18, 2011--EIB plans five-year bond issuance(C)2011 ENPublishing -

Global Banking News - 18 May 2011

The European Investment Bank (EIB) is planning to issue a five- year, euro-denominated bond, Dow Jones has reported, citing one of the banks mandated to lead the transaction.

Citigroup Inc (NYSE: C), HSBC Holdings Plc (LSE: HSBA) (NYSE: HBC) (HKG: 0005), Nomura Holdings (NYSE: NMR) (TYO: 8604) (AMS: 8604) and UBS Investment Bank (NYSE: UBS) (ZHR: UBSN) (UBSN.VX) are serving as lead managers on the Euro area reference note, a bond specifically issued by the EIB, which will be launched and priced shortly, subject to market conditions.

The EIB is triple A-rated by all three main rating companies.

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Publication:Global Banking News (GBN)
Date:May 18, 2011
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