Luxembourg, 02/04/2007 (Agence Europe) - The European Investment Bank (EIB) has adopted a Short-Term European Paper (STEP) Market Convention along with the New Global Note (NGN) format for its issues of euro-commercial paper.
This makes the EIB the first issuer to offer euro-commercial paper in both STEP and NGN formats. It is also the first issuer to raise short-term debt in NGN format, having been the first to raise long-term debt using NGN format in June 2006. The move is intended to...