June 1997
Borrowers: Euromoney's best borrowers of 1997
The European Investment Bank, Euromoney's borrower of the year, is snapping at the World Bank's heels with careful timing and improved investor relations. Russia, best debut borrower, excited the market with its $1 billion and Dm2 billion opening salvos. While the experienced team in Buenos Aires makes Argentina our top emerging market borrower a few lines.
Borrowers: Borrowers start to play a strategic game
Borrowers 1997: Best of the rest by sector or region
THE WORLD'S BEST BORROWER: EIB
The European Investment Bank (EIB) appears to be pulling off a remarkable trick. By most borrowers' standards it comes to the markets too often. And one might think investors would be full up with its name, to the point that it has to pay higher spreads. But not so. "In many ways, the EIB defies gravity," says Paul Avery, coverage officer at BZW. "The acid test is the positive reaction on the trading-floor to a new issue from the EIB The salespeople are excited by its name still."
The EIB is borrowing more than ever before in international capital markets. It far outstrips any issuer in the volume of its annual fund-raising and in the number of separate transactions it executes. In public markets in 1996, it raised...
More information on best borrowers
The rest of this article is available to subscribers only
Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.
Subscribe online today
- Your print copy delivered every month
- Over a decade of archived content
- Daily news and updates
- Personalised email news feeds
- Unlimited online access
- Access to all our survey and award results
Subscribe
Free 48 hour access
- Online access to Euromoney.com
- In-depth analysis and comment of the international capital markets
- The best of our editorial comment by email
- Complimentary digital magazine sample
Start Trial
Questions about your subscription status?
Email us or call: +44 (0) 20 7779 8888
