Stock market today: Stocks fall as investors rotate out of tech into Jackson Hole
FRANKFURT - The European Investment Bank (EIB) has priced a $4 billion fixed-rate bond due October 15, 2030, according to a stabilization notice released Tuesday.
The 5-year bond was priced at a spread of 39 basis points over the Secured Overnight Financing Rate (SOFR) Mid-Swap, Semi-Annual 30/360, tightening from initial price talks of approximately 42 basis points.
The bond carries the ISIN code US298785KM78. Deutsche Bank AG (ETR:DBKGn) is acting as the stabilization coordinator, with Bank of America and RBC Capital Markets serving as additional stabilization managers.
The stabilization period for the bond began on August 19 and is expected to end no later than September 23, 2025, according to the notice.
The securities have not been registered under the United States Securities Act of 1933 and are not being offered for sale in the United States, the statement noted.
This information is based on a replacement stabilization notice issued by Deutsche Bank AG on behalf of the European Investment Bank.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.