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The European Investment Bank (EIB) has taken another significant step towards sustainability by issuing a new EUR 5 billion Climate Awareness Euro Area Reference Note (EARN). This 10-year bond, due September 4, 2034, pays an annual coupon of 2.625% and was priced at 98.937%. This latest issuance, over seven times oversubscribed, highlights EIB’s pivotal role in the green bond market. Announced on August 27 and priced on August 28, the bond’s issuance was met with overwhelming demand, closing with over EUR 34.5 billion in orders from more than 280 investors. This demand allowed the EIB to set the bond size at EUR 5 billion, demonstrating the strong market appetite for sustainable investment opportunities. With this issuance, the EIB’s cumulative Climate and Sustainability Awareness Bonds have surpassed EUR 100 billion. EIB President Nadia Calviño stated, “The 100 billion Euros mark that we celebrate today symbolizes the phenomenal development of the Sustainable Bond Market since the EIB pioneered issuance in 2007. Capital markets play a key role in the green transition towards a sustainable economy – and the EIB will continue to support it via its financing and borrowing activities.”
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