On Thursday, January 14, the European Investment Bank (EIB) issued a CAD 1bn 7-year Climate Awareness Bond (CAB). Paying a semi-annual coupon of 1%, the issue offers a yield of 1.003% and a spread of 47.3bp over the 7-year Canadian Government Benchmark (1% June 2027). A CAD 7-year benchmark CAB for the EIB was announced in the early afternoon in Canada on Wednesday, January 13. The orderbook was formally opened in the morning of Thursday, with indications of interest already in excess of CAD 1bn. The spread was then set…
Read MoreNew CAD 1bn CAB 2028 Is the Largest-ever Maple Green Bond
