EIB mandates increase to its 2028 Kangaroo climate-awareness bond

Tuesday, 19 September 2017

On 19 September, European Investment Bank (EIB) (AAA/Aaa/AAA) mandated a A$100 million (US$79.6 million) increase to its February 2028 maturity Kangaroo bond. The line is a “climate-awareness” bond, the proceeds of which EIB uses for lending projects in the renewable-energy and energy-efficiency fields. J.P. Morgan and Nomura are leading the increase, which has an indicative margin of 54 basis points over swap or 59.25 basis points over Australian Commonwealth government bond.