March 7, 2018 / 8:43 AM / in a year

Books for EIB 10yr EARN over EUR5bn, talk tightened 1bp

LONDON, March 7 (IFR) -

* Books EUR5bn+ (400m JLM). Guidance revised to MS-16 area. (8:39am)

* Guidance MS-15 area, benchmark size, tbp today. Due 14 Jan 2028, pay 14 Mar, Lux listing, 1k denoms. Short first coupon. (7:57am)

The EUROPEAN INVESTMENT BANK (EIB), rated Aaa/AAA/AAA (all stable) has mandated BofA Merrill Lynch, Commerzbank, JP Morgan and SG CIB for its forthcoming new 10-year EARN. The transaction will be launched in the near future, subject to market conditions. FCA/ICMA stabilisation. The manufacturer target markets (MIFID II product governance) as assessed by the lead managers are retail, eligible counterparties and professionals (all distribution channels). (March 6)

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