It is issued in New Global Note format and is eligible as collateral for the open market operations of the European Central Bank. The pricing of EIB’s CP is competitive, offering a decent rate over...

It is issued in New Global Note format and is eligible as collateral for the open market operations of the European Central Bank. The pricing of EIB’s CP is competitive, offering a decent rate over Treasury bills, and while maturities are flexible to accommodate customer needs they are limited to one year in Europe and nine months in the United States.