What type of debt securities does the EIB issue?
EIB bonds span a wide range from large benchmark/reference issues to smaller targeted issues. With the aim of creating large reference issues with a high degree of liquidity, the EIB has built up in recent years a series of benchmark issues all along the yield curve in the main currencies: EUR, GBP and USD. It also offers benchmark in other currencies. The Bank aims to foster secondary market liquidity that is provided by the major investment banks in each market. Benchmark bonds are mainly bought at launch by institutional investors, while the smaller size, plain vanilla issues, which the Bank offers in a wide range of currencies, may also be taken up by retail investors.