EIB launches first Kangaroo for the year with new CAB line

On 4 January, European Investment Bank (EIB) (AAA/Aaa/AAA) launched a new, long six-year, benchmark Kangaroo climate-awareness bond (CAB). The forthcoming transaction has minimum volume of A$300 million (US$231.2 million), and indicative margin of 26 basis points area over semi-quarterly swap and 30.1 basis points area over Australian Commonwealth government bond. ANZ, RBC Capital Markets and TD Securities are joint lead managers.