March 7, 2018 / 8:03 AM / 5 months ago

Guidance for EIB 10yr EARN at MS-15 area

LONDON, March 7 (IFR) -

* 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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