The European Investment Bank (EIB) said today it has issued a 21-year, EUR-500-million (USD 446m) Climate Awareness Bond (CAB).
This is the first time the bank is offering a 21-year green bond denominated in euro, it said. The issue carries an annual coupon of 0.5%. The funds raised will be allocated for renewable energy and energy efficiency projects.
More information about the green bond is available in the table below.
September 28, 2016
October 5, 2016
November 5, 2037
Mid swaps-10 bps
Asset managers, pension funds and insurance companies took a combined 65% of the bond. Bank of America Merrill Lynch, BNP Paribas, Commerzbank, JP Morgan and Unicredit served as joint bookrunners for the transaction.
EIB has raised some EUR 15.1 billion through the sale of green bonds since 2007.