European Investment Bank (EIB) (AAA/Aaa/AAA) mandated a A$200 million (US$151.7 million) tap to its August 2022 Kangaroo bond late on 6 July. The transaction is being marketed at 39 basis points over semi-quarterly swap or 49 basis points over Australian Commonwealth government bonds. The transaction is expected to price on 7 July, according to lead manager Nomura.