What are EIB benchmark bonds and structured issues?
Benchmark bonds are large volume issues with standard features such as fixed interest rate coupons and redemption at final maturity (so-called plain vanilla transactions). The Bank has in recent years gradually built up large size issues all across the yield curves in EUR, GBP and USD. Due to their size, secondary market trading in these bond issues is considerable as indicated by the tight bid/offered spreads. Active trading is secured through the obligation of the placing banks to continue to make markets in these bonds. Particular information and price quote pages are attributed to these bonds on the Reuters information system under the names EIBEARN01, EIBGBP01 and EIBUSD01, and under EIB
