EIB to issue 'longevity bond' to match UK liabilities

By December 2004 (Magazine)

The European Investment Bank is to issue a 25-year £540m (E775m) bond as part of a product designed by BNP Paribas aimed at protecting UK pension schemes against longevity risk. “We welcome this opportunity to further enhance EIB’s appeal among pension funds, through a con-tribution that can add a ...

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