European Investment Bank starts New Year with a bang

The European Investment Bank was quick off the blocks, with the first Hong Kong dollar bond issue of 2001.

The European Investment Bank EIB didnt wait long to get the Hong Kong bond market moving in 2001, issuing HK$2.5 billion $320 million within minutes of the market opening on January 2 to make it the first deal of the year. The transaction, lead managed by HSBC, was originally sized at HK$2 billion, but later increased by HK$500 million due to strong demand.

The five-year notes were priced at 101.63%, paying a yearly coupon...

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