The European Investment Bank (EIB) plans to launch a $3 billion global bond in the near future, managers for the deal said today.
Citigroup, Goldman Sachs and UBS have been mandated to lead manage the transaction, which will be due in March 2009.
EIB President Mr Philippe Maystadt said early in December his bank would increase its borrowing programme to an expected €46 billion in 2004 from €42 billion last year.
The EIB also today increased a sterling bond due October 2008 by £100 million sterling and a bond due in December 2007 by 150 million South African rand. The bank also sold a 14.0 billion Hungarian forint bond today.
The EIB is rated triple-A by Moody's Investors Service, Standard and Poor's and Fitch Ratings.
