EIB - EIB announces funding programme of EUR 60bn for 2021
PR Newswire
London, December 18
For immediate release
18 December 2020
EIB announces funding programme of EUR 60 billion for 2021
The EIB estimates its new issuance for next year at EUR 60 billion. The EIB Board of Directors in its December meeting approved a borrowing authorization of up to EUR 70 billion, allowing for upside flexibility.
In 2020 ytd. the EIB has raised EUR 69.9 billion (including 2021 pre-funding), in line with the increase in the funding authorization approved by the Board in September.
Bond redemptions for 2021 are estimated at EUR 64 billion. Redemptions in 2020 amounted to EUR 69 billion.
Contacts:
Investor Relations: investor.relations@eib.org, +352 4379 53000
Background information on EIB
The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. The Bank's strong credit standing is underpinned by exceptional asset quality, a strong capital base and liquidity, firm shareholder support, conservative risk management and a sound funding strategy.
www.eib.org/investor_relations
