EIB has established projections for its funding volumes for 2017. Following the approval of its Operational Plan for 2017-2019 by the Board of Directors on 13 December 2016, EIB currently plans to borrow EUR 60 billion next year. The Board has granted a borrowing authorisation of up to EUR 65 billion. This provides flexibility, if needed, for example to preâfund for 2018.
The programme is in line with the 2016 target, which was reached on October 18. So far, the total amount raised this year is EUR 66.3 billion, including some pre-funding for 2017.
The total bond redemptions for 2017 are estimated at EUR 56.1 billion. Redemptions in 2016 amounted to EUR 65.7 billion.
The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. The Bank’s strong credit standing is underpinned by exceptional asset quality, a strong capital base and liquidity, firm shareholder support, conservative risk management and a sound funding strategy.