Skip to navigation

Skip to content

EIB increases its Global Commercial Paper programme to EUR 15bn

Reference: 2006-036-EN

Date: 06/04/2006

  • Offers greater liquidity and flexibility
  • Builds on success of programme over the last years

The European Investment Bank (EIB) has increased the size of its Global Commercial Paper (CP) programme from EUR 10 billion to EUR 15 billion.

The increase in the size of the programme gives the Bank more flexibility in meeting its growing liquidity requirements to accommodate expanded borrowing and lending volumes. It also supports the Bank's strategy of offering investors improved opportunities in short term instruments issued by the Bank.

The CP programme was last increased in December 2003, when it doubled its size from EUR 5 billion to EUR 10 billion.

Anneli Peshkoff, Director and Head of Treasury, Our CP programme is one of the cornerstones of our liquidity management. We are pleased to see that the global investor demand for our commercial paper has continued to grow. This latest increase in our programme to EUR 15 billion will enable the EIB to maintain flexibility in its liquidity management and provide increasing opportunities to our expanding investor base.

 

 

The European Investment Bank, based in Luxembourg, was set up under the Treaty of Rome in 1958. Owned by the European Union Member States, the EIB finances projects that contribute towards the integration, balanced development and economic and social cohesion of the Member Countries. Besides its activities in the EU Member States, the EIB finances projects in EU Acceding and Accession countries, as well as implementing the financial components of agreements concluded under European development aid and cooperation policies. The EIB operates on a non-profit maximising basis and lends at close to the cost of borrowing. The Bank has consistently enjoyed a AAA rating.