EIB Climate Bond extended
The European Investment Bank (EIB) has extended the euro bond linked to climate change that it issued in May. The due June 28 2012 five-year public offering for the Climate Awareness Bond (EPOS II) will be extended a week, until June 29 “in order to satisfy ongoing retail demand”, says joint lead managers Dresdner Kleinwort, Merrill Lynch and Unicredit. Pricing has been moved to July 2 and settlement to July 5.
The bond is capital protected and offers a return in the form of a single payment at maturity linked to the FTSE4Good Environmental Leaders Europe 40 index, with a minimum of 5% at maturity. At maturity, investors have the option to use additional redemption amount in excess of 25% to purchase and cancel EU
Allowances allocated and traded in accordance with the EU Emission Trading Scheme within EU Directive 2003/87/EC.
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