The European Investment Bank (‘EIB’) issued a new USD 4bn 3-year Global benchmark. This is EIB’s second USD Global of the year following the USD 5bn 5-year transaction issued in January. The bond pays a semi-annual coupon of 2.375% and has an issue price of 99.667%,

providing a spread of 25.1bps over the 2% UST due 15-Jan-2021.