The EIB is preparing to introduce a standardised methodology for issuance of FRNs . The world ’s biggest multilateral financial institution , which has been at the forefront of developing methodology for SONIA and debt - linked securities , is preparing for issuance in RFRs in euros and Canadian and Australian dollars , and plans to use the same structure for all of them . An EIB funding report said the bank had completed two ESTR - funded test trades but was concerned about the level of demand for euro FRNs and the low interest rate .
The EIB is planning to introduce a standardised methodology for issuance of FRNs. The world’s biggest multilateral financial institution, which has been at the forefront of developing methodology for SONIA and SOFR-linked FRNs, is preparing for issuance in RFRs in euros and Canadian and Australian dollars, and plans to use the same structure for all of them. An EIB funding official said the bank had completed two ESTR-linked test trades but was concerned about the level of demand for euro FRNs given the low interest rate.