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Europe Daily Bulletin No. 8486

20 June 2003
Contents Publication in full By article 32 / 39
GENERAL NEWS / (eu) eu/eib
EIB prices fifth global €5 billion issue under EARNs programme

Luxembourg, 19/06/2003 (Agence Europe) - The European Investment Bank today priced its fifth global €5 billion issue under the Euro Area Reference Note (“EARN”) programme. The 10 year bonds, carrying an annual coupon of 3.625% and a final maturity date of 15th October 2013, were re-offered at a spread of 17 bps over the Bund 4.5% due January 2013. This equates to a curve adjusted spread of 7bps over the Bund curve which represents the tightest margin over German government bonds ever...

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