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EIB plans €1 bln increase to 2024 bond –lead

The European Investment Bank plans a €1 billion ($1.3 billion) increase to its existing €3 billion bond due to mature in April 2024, an official at one of the banks managing the deal said on Friday.

Guidance has been set at mid-swaps plus 50 basis points, the official said. Triple-A rated EIB has named Calyon, Citigroup, Dresdner and RBS to manage the deal, the official said. (Reuters)