Commentary & Deal Flow

Guidance: 5yr: ESTR+27a

• Issuer: European Investment Bank (EIB)
• Exp. Issue Rating: Aaa/AAA/AAA/AAA (Moody's/S&P/Fitch/Scope)
• Status: Senior Unsecured, 0% RW
• Format: EMTN - Reg S, Category 1, Registered Form
• Size: €1.5bn (no grow)
• Settlement: 26-May-26 (T+4)
• Maturity: 26-May-31
• Coupon: Compounded ESTR + [XX]bps, Floating, Quarterly, ACT/360, first coupon to be paid on 26-Aug-26
• Convention: ESTR Index where ESTR Index Start and ESTR Index End will be 5 target settlement days prior to the Interest Period
• Guidance: ESTR+27bps area
• Leads: Barc/DB/HSBC/RBC (B&D)
• Listing/Denom: Luxembourg Stock Exchange’s Regulated Market / €1k+€1k
• Governing Law: Luxembourg Law
• Timing: Books open, today's business
• Target Market: The manufacturer target markets (EU MIFID II and UK MiFIR product governance) as assessed by the lead managers are Retail / Professional / Eligible Counterparties (all distribution channels)