Sustainability Funding & New Products/Structures
Liquid benchmark curves
Public
European
Investment Bank
•
•
•
EUR
LCR/HQLA Level 1 asset - EIB is explicitly listed in Basel III Framework
LCR30.41.3/CRE20.14.fn9
Risk weighting 0% - EIB is explicitly listed in Art. 117(2.j.) EU regulation 575/2013
Risk factor Stress 0% - EIB is explicitly listed in Art. 117 (2.j.) EU regulation
575/2013/Solvency II Art. 180 (2.c.)
Market Risk Concentration 0% (Risk Factor g) - EIB is explicitly listed in Art. 117
(2.j.) EU regulation 575/2013 / Solvency II Art. 187 (3.c.)
•
PEPP Eligible
•
•
•
More than 1,900 investors have bought EUR-denominated EIB bonds in primary
markets
2 way prices available on the major electronic trading platforms
Benchmark bond transactions sized between 3-6bn occasionally tapped by EUR
1bn to increase liquidity
4-6 benchmark transactions per year across the curve on average
37 Dealers led or co-led EUR-denominated transactions since 2012
USD
•
•
•
•
.
.
0% Risk Weighting (12 CFR 249 on Liquidity Risk Measurement
Standards. Subpart C - Issued by the FED)
LCR/HQLA Level 1 liquid asset (12 CFR 247 on Liquidity Risk
Measurement Standards. Subpart D- Issued by the FED)
More than 1,400 investors have bought USD-denominated EIB
bonds in primary markets
2 way prices available on the major electronic trading platforms
Benchmark bond transactions sized between 3bn to 6bn
4/5 benchmark transactions per year across the curve on
average
20 Dealers led USD-denominated transactions since 2012
•
ECB repo - Eligible (IG6 issuer group / liquidity group 2)
Secondary market turnover in EUR bonds
In EUR bn
EUR issuance
EUR turnover
32.9
30.6
30.6
22.1
17.6
28.7
6.2
15.4
13.1
12.5
24.5 24.0
22.6
20.8
Secondary market turnover in USD bonds
In USD bn
31.2
USD issuance
USD turnover
30.1
22.2
18.4
26.0
24.2
17.8
25.3
21.7
20.2
10.1
13.0
13.7
14.0
10.0
10.0
11.2
11.0
6.7
8.0
3.8
0
8.0
3.0 4.00
4.0 4.0
0.0
6.6
4.9 1.4
4.9
5.1 2.2
5.4
0.0
Q1
Q2
2021 2021
Q3 Q4 Q1
2021 2021 2022
Q2
2022
Q3
Q4
2022 2022 2023
Q1
Q2
Q3
Q4
Q1
2023
2023
2023
2024*
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024*
* Figures report on turnover activities as of Apr 2024 and may be adjusted upwards as additional dealers submit their data
European Investment Bank
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