Home Europe & UK EIB expects 2016 funding program of EUR 60 billion
EIB expects 2016 funding program of EUR 60 billion

EIB expects 2016 funding program of EUR 60 billion

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EIB has established projections for 2016 funding volume. These projections include funding needs associated with the European Fund for Strategic Investments (EFSI), which is integral to EIB’s balance sheet, while benefiting from a guarantee from the EU budget.

Following the approval of its Operational Plan for 2016-2018 by the Board of Directors on 15 December 2015, EIB currently plans to borrow up to EUR 60 billion in 2016. The Board granted a borrowing authorisation for up to EUR 65 billion, providing flexibility if needed, for instance to pre-fund for 2017.

This compares to the 2015 target of EUR 60 billion, which was reached in October. The total amount raised ytd is EUR 62.3 billion, which includes pre-funding for 2016.The total bond redemptions for 2016 are estimated at EUR 65.7 billion. Redemptions in 2015 amounted to EUR 60.1 billion.

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Anand Gupta Editor - EQ Int'l Media Network

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