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ArcelorMittal has secured a €280 million loan from the European Investment Bank (EIB) for research and innovation to support its decarbonization objectives, the steelmaker said. [ABSTRACT FROM AUTHOR]

The European Investment Bank (EIB) has granted a €125 million ($140 million) loan to Belgium-based global material technologies and recycling group Umicore to partially finance the construction of a battery cathode material manufacturing facility in Poland. [ABSTRACT FROM AUTHOR]

Telkom Kenya is planning a €75 million network expansion to boost mobile coverage and to improve its mobile money network. [ABSTRACT FROM AUTHOR]

Belgian operator Proximus - the former Belgacom - has borrowed €400 million to fund further fibre in its residential and business networks. [ABSTRACT FROM AUTHOR]

Flexenclosure, a provider of prefabricated data centres, has agreed a €10 million loan from the European Investment Bank, it has announced. [ABSTRACT FROM AUTHOR]

Hyperoptic has today announced that it has secured an additional £100 million in funding to accelerate the build of its full-fibre network. [ABSTRACT FROM AUTHOR]

EU finance ministers will consider on Thursday three options for how to realign the European Investment Bank and European Bank for Reconstruction and Development. This could lead to the emergence of a new capital markets issuer. [ABSTRACT FROM AUTHOR]

The European Investment Bank won a huge reception from investors for its debut €STR-linked floating rate note (FRN) this week, ignoring concerns about a lack of demand amid negative rates in the euro market. While there is a lack of clarity about calculating €STR bonds' fair value and on Euribor's future, public sector borrowers are expected to embrace the risk-free euro rate. [ABSTRACT FROM AUTHOR]

Investor response was stronger than we expected and the demand also shows that the convention proposed by EIB for the calculation of interest seems to get traction. To work out fair value, we converted the mid-swap spread of EIB's fixed rate curve into Eonia and then added 8.5bp, which is the fixed spread to get to €STR. B Geographical distribution b France 35% UK 27% Benelux 15% Scandinavia 10% Germany/Austria 3% Other 10% B Distribution by investor type b Banks/financial institutions 71% Central banks/official institutions 17% Others 12% B Market appraisal: b "...I assumed they knew what the book would look like beforehand and it'd be €1.5bn for a €1bn deal, but it looked like there was an upside surprise. [Extracted from the article]

It clarifies that CAB proceeds will be allocated to projects that contribute substantially to climate change mitigation and that the eligibility criteria for these projects will be expanded to fit with the upcoming EU sustainability taxonomy in line with evolving EU legislation. Alongside monitoring the market and seizing the opportunity to issue, this deal is a way of sending a strong signal that investors can be confident that our green bonds will be compliant with the EU taxonomy when it is adopted. After the summer, the market didn't look particularly easy, but there is still a positive yield in dollars, which is an advantage compared to a euro denominated issuance. [Extracted from the article]

Investors warmly welcomed the first benchmark €STR-linked floating rate note on Wednesday, brushing aside previous concerns about a lack of demand for euro FRNs as a result of deeply negative rates in the currency. [ABSTRACT FROM AUTHOR]

After mandating banks last week to explore a three year benchmark €STR-linked floating rate note, the European Investment Bank is moving forward with the deal, with initial price thoughts released ahead of an expected launch on Wednesday — the day the rate starts being published by the European Central Bank. However, some market participants have questioned the extent of investor demand for euro FRNs with negative rates commonplace in the currency. [ABSTRACT FROM AUTHOR]

L-Bank issued the first ever floating rate note linked to €STR on Thursday, ahead of the European Central Bank's publication of the recommended new euro risk-free rate on October 2. While it has been beaten in the race to do the first deal, the European Investment Bank has announced plans for what could be the first benchmark sized transaction in the format. [ABSTRACT FROM AUTHOR]

B Geographical distribution b UK 42% France 21% Germany 9% Benelux 7% Other Europe 14% Rest of the world 7% B Distribution by investor type b Funds/asset managers 45% Banks 39% Central banks/official institutions 15% Others 1% B Market appraisal: b "...it looks to have gone really well. Investors are loading up on liquid paper ahead of more QE." What we've seen this week is the right supply from the core names to open up the market and give everyone confidence". [Extracted from the article]

While it is no surprise that a public sector borrower has brought the first floating rate note linked to the euro short term rate (€STR), it was a surprise that a small German agency would bring the inaugural transaction, especially as it is some weeks before the European Central Bank (ECB) is due to begin publishing the recommended new risk-free rate. [ABSTRACT FROM AUTHOR]

The European Investment Bank (EIB) has agreed to provide a £21 million loan to Hyperoptic to invest in providing 1Gbps fibre broadband to more than a half-a-million homes in UK cities. [ABSTRACT FROM AUTHOR]

The European Investment Bank failed to reach full subscription for a tap of its May 2026 Sustainable Awareness Bond that was priced with a yield of minus 0.542%. [ABSTRACT FROM AUTHOR]

The European Investment Bank set two records in the sterling bond market this week. The supranational issued the largest ever single tranche socially responsible bond in sterling across any sector, which took supranational and agency supply in the currency to an all-time annual high — even though it's only August. [ABSTRACT FROM AUTHOR]

The message from the investor community is clear: the sterling SRI bond market is here to stay and it is going to get larger. This is EIB's first sterling SRI bond since 2014 and the first sterling bond to use the new climate action bond use of proceeds language, which was launched by the European Commission in June. Also, with a final order book of over £1.4bn, it's the biggest order book we have seen so far for a sterling SSA SRI bond and perhaps the biggest across any asset class in the SRI bond market. [Extracted from the article]

The European Investment Bank (EIB) appointed banks on Monday to lead a five year sterling Climate Awareness Bond (CAB), in what will be the supranational's first new socially responsible bond issue in the currency since 2014. [ABSTRACT FROM AUTHOR]

World Bank hit the Canadian dollar market on Wednesday to begin its 2019/20 benchmark funding programme. It followed the European Investment Bank and KfW which have also been active in non-core currencies this week. [ABSTRACT FROM AUTHOR]

The European Investment Bank mandated banks for a sterling tap on Tuesday to keep supply running on course for a record year in the public sector bond market. [ABSTRACT FROM AUTHOR]

The European Investment Bank (EIB) has been at the forefront of developing the methodology for issuing floating rate notes (FRNs) linked to Sonia and Sofr. As it prepares for issuance in the new risk-free rates in euros, Canadian and Australian dollars, the supranational said it wants to use the same structure for all. [ABSTRACT FROM AUTHOR]

The European Stability Mechanism is spearheading a plan to create a new digital platform for launching public sector bonds in euros. The system, which ESM wants to launch in 2020, is named the European Distribution of Debt Instruments (EDDI). It could end up replacing some of the functions of investment banks and clearing houses. [ABSTRACT FROM AUTHOR]

Public sector borrowers were able to achieve zero or negative new issue premiums and close books early in the euro market on Tuesday as investors piled into haven assets amid a weaker outlook for global growth. [ABSTRACT FROM AUTHOR]

A trio of public sector borrowers hit screens with mandates on Monday ahead of what SSA bankers say will be a busy week of supply following a glut of benchmark issuance towards the end of the first quarter. [ABSTRACT FROM AUTHOR]

The European Investment Bank is trying to keep its role for lending outside of the EU in the post-2020 EU framework. [ABSTRACT FROM AUTHOR]

A pair of triple-A SSA borrowers built heavily oversubscribed books — and one printed its largest ever deal — on Wednesday in a dollar market that is still attracting heavy demand and performing in secondary despite already tight levels. [ABSTRACT FROM AUTHOR]

The article focuses on the trading of the bond issued by the European Investment Bank (EIB) through mid-swaps with a revision to its spread.

The theme in the euro public sector market this week was large book sizes despite issuers paying very little concession, with Finland, the European Investment Bank (EIB), Madrid and the Joint Länder all keeping close to their curves. [ABSTRACT FROM AUTHOR]

Concerns over the UK's exit from the European Union, which have increased following Tuesday's series of votes in parliament on the matter, will not affect demand for sterling SSA paper, according to bankers. [ABSTRACT FROM AUTHOR]

The European Court of Auditors (ECA) issued on Tuesday a report criticising several core elements of the European Fund for Strategic Investment (EFSI) — the so-called Juncker investment plan. [ABSTRACT FROM AUTHOR]

The European Investment Bank showed there was ample appetite for sterling SSA paper on Wednesday, despite Tuesday's vote in the UK Parliament that left more uncertainty over the eventual outcome of Brexit. [ABSTRACT FROM AUTHOR]

Italy and the European Investment received combined orders of over €50bn in the euro public sector market on Tuesday before what could be an even more uncertain period in Europe, with the UK parliament set to vote on prime minister Theresa May's Brexit withdrawal agreement later in the evening. [ABSTRACT FROM AUTHOR]

SNCF Réseau paid a significant new issue premium for its first benchmark green bond since 2017 on Monday. The European Investment Bank will issue its own 10 year euro bond on Tuesday, following trades in sterling and dollars earlier in the year. [ABSTRACT FROM AUTHOR]

The article discusses regulations of loan maturity asset allocation issued by the U.S. Department of Treasury.

The European Investment Bank and Bank Nederlandse Gemeenten showed the strength of the dollar market on Tuesday as they sparked the sector into life for 2019 with benchmarks offering minimal concession. Another pair of SSAs are hoping to emulate that success on Wednesday. [ABSTRACT FROM AUTHOR]

The dollar market for public sector borrowers begins in earnest on Wednesday with a pair of borrowers out with benchmarks and bankers confident the deals will go well thanks to a demand/supply imbalance. The trades follow a small floater tap from a supranational on Monday that was the first syndicated deal of the year in the currency. [ABSTRACT FROM AUTHOR]

The European Investment Bank and KfW comfortably raised a combined £2.25bn on Thursday after receiving whopping investor demand for benchmark trades. This Friday is set to add to the sterling glut, with deals from the Asian Development Bank, Bank Nederlandse Gemeenten and Swedish Export Credit Corporation. [ABSTRACT FROM AUTHOR]

The article discusses the fixed rate issuance of sterling and the Sterling Overnight Index Average (SONIA) in Great Britain.

KfW and the European Investment Bank mandated banks on Wednesday for the first sterling SSA deals of the year. Public sector borrowers are looking to pile into the sterling market before the crunch vote by the UK Parliament on Theresa May's Brexit deal in mid-January, with deals expected in both Sonia-linked and fixed rate formats. [ABSTRACT FROM AUTHOR]

The European Investment Bank will borrow €10bn less in 2019 compared to this year, despite an increase in bond redemptions next year, the supranational announced on Thursday. [ABSTRACT FROM AUTHOR]

The European Investment Bank and China's Green Finance Committee have published a white paper on their continuing efforts to make Chinese and European green finance terminology mutually intelligible. [ABSTRACT FROM AUTHOR]

The European Investment Bank this week brought its first dollar floating rate note linked to the Secured Overnight Financing Rate (Sofr) — the likely replacement for dollar Libor — and set two landmarks for the fledgling benchmark. But one of those, on the coupon calculation, truly sets it apart from the other Sofr FRNs to come so far. As Craig McGlashan reports, it also creates an intriguing market choice as the financial sector prepares for a world without Libor. [ABSTRACT FROM AUTHOR]

Public sector borrowers could look to join the European Bank for Reconstruction and Development in pre-funding for 2019 if the market backdrop — such as volatility in the Italian government bond market — improves, said SSA bankers. [ABSTRACT FROM AUTHOR]

The Province of Alberta pipped the European Investment Bank to the top score of the week in BondMarker, with both issuers printing five year dollar globals. [ABSTRACT FROM AUTHOR]

The European Investment Bank mandated banks on Monday for a five year dollar benchmark, following a string of short dated floaters in the currency by supranational and agency issuers last week [ABSTRACT FROM AUTHOR]

Three public sector borrowers shrugged off a rally in US Treasury yields to issue a combined $8.25bn in the primary market this week. [ABSTRACT FROM AUTHOR]