EIB launches Dutch Guilder bond hospitable to the "Euro" and other merging currencies

The European Investment Bank (EIB), the European Union's financing institution, is issuing a 1 billion Dutch Guilder bond today. The interest rate will be 5.75% over 10 years.

The terms and conditions of the Guilder bond have been structured to create the possibility for the EIB to re-denominate the issue in "Euros" after the entry into force of the third stage of EMU. The conditions also allow the EIB to consolidate this issue with issues in "Euro" or in other currencies that will be "Euro" re-denominated, without discrimination as to currency, to form a single "Euro" issue.

The EIB has appointed ABN AMRO Bank N.V. to act as the bookrunning lead manager on the issue.