EIB launches 2028 climate-awareness bond tap

Late in the Sydney day on 8 May, European Investment Bank (EIB) (AAA/Aaa/AAA) launched a minimum A$150 million (US$111.8 million) increase to its 2028 Kangaroo climate-awareness bond. The forthcoming deal is being marketed at 43 basis points area over semi-quarterly swap and 45.5 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch according to sole lead manager Nomura.