The EIB is issuing an ESTR-linked bond, making it the first major issuer to do so. The €1bn three-year FRN was priced on 2 October at 11bp over ESTR and coincided with the first day the RFR was published. The EIB was also a front runner for Britain-linked debt, launching the first deal tied to the sterling RFR in June 2018.
The EIB is issuing an ESTR-linked bond, making it the first major issuer to do so. The €1bn three-year FRN was priced on 2 October at 11bp over ESTR and coincided with the first day the RFR was published. The EIB was also a front runner for SONIA-linked debt, launching the first deal tied to the sterling RFR in June 2018.