BNP and EIB launch longevity bond



Last month French bank BNP Paribas and the European Investment Bank (EIB) launched the first investment hedge designed to protect pension schemes against the risk that their members might live longer than predicted. The hedge, a £540 million bond with a 25-year maturity, was issued by the AAA-rated EIB. The launch fits the objective of the EIB’s operational plan for 2004–2006 to not only pioneer longer maturities but also “introduce new structured products in response to local institutional

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here