The European Investment Bank (EIB) announced that it estimates its new issuance for 2022 will be €45 billion.

The EIB is the long-term lending institution of the European Union, owned by its member states.

“The EIB board of directors in its December meeting approved a borrowing authorization of up to EUR 50 billion, allowing for upside flexibility,” said the EIB.

“In 2021 ytd. the EIB has raised EUR 55.3 billion.

“The bond redemptions for 2022 are estimated at EUR 48.8 billion.

“Redemptions in 2021 amounted to EUR 64.9 billion.”

The EIB makes long-term finance available “for sound investment in order to contribute towards EU policy goals.”