EIB launches increase to 2024 Kangaroo CAB

Late in the day on 24 March, European Investment Bank (EIB) (AAA/Aaa/AAA) launched a minimum A$150 million (US$113.8 million) increase to its November 2024 Kangaroo climate-awareness bond (CAB). The forthcoming deal is being marketed in the area of 12 basis points over semi-quarterly swap and 27.7 basis points over Australian Commonwealth government bond. J.P. Morgan and TD Securities are leading.