Obbligazione Banque Internationale du Luxembourg 0% ( XS2297660230 ) in EUR

Banque Internationale du Luxembourg

100 EUR ▼

Lussemburgo

XS2297660230 ( in EUR )

0%

09/02/2023 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Banque Internationale a Luxembourg XS2297660230 in EUR 0%, scaduta

100 000 EUR

260 000 000 EUR

La Banque Internationale à Luxembourg (BIL) è una banca commerciale privata lussemburghese, attiva nella gestione patrimoniale, nei servizi finanziari per aziende e privati, e con una forte presenza nel mercato lussemburghese e internazionale.

L'obbligazione con codice ISIN XS2297660230, emessa dalla Banque Internationale à Luxembourg, ha raggiunto la sua scadenza ed è stata regolarmente rimborsata, concludendo il suo ciclo di vita finanziario; la Banque Internationale à Luxembourg (BIL), uno degli istituti finanziari più antichi e prestigiosi del Granducato, fondata nel 1856, si distingue per la sua consolidata presenza nel panorama bancario lussemburghese e internazionale, offrendo una vasta gamma di servizi che spaziano dalla banca al dettaglio e corporate al private banking e wealth management, consolidando una reputazione di stabilità ed expertise nei mercati finanziari, a testimonianza della sua capacità di gestire complesse operazioni obbligazionarie come quella in esame, avente il Lussemburgo come paese di emissione; questo titolo, classificato come obbligazione, è stato interamente emesso per un importo complessivo di 260.000.000 EUR, con una denominazione in valuta Euro e un lotto minimo di acquisto di 100.000 EUR, caratteristiche che ne delineavano il profilo e l'accessibilità sul mercato; sebbene la frequenza di pagamento fosse indicata come quadrimestrale, il tasso d'interesse nominale associato a questa specifica emissione era pari a zero, suggerendo una struttura a sconto o un'operazione che non prevedeva cedole periodiche ma il rimborso integrale del capitale a scadenza; il prezzo di mercato al momento del suo arrivo a maturità, il 9 febbraio 2023, era del 100% del valore nominale, confermando il suo rimborso alla pari, a beneficio dei suoi detentori.

PROHIBITION OF SALES TO EEA RETAIL INVESTORS The Notes are not intended to be offered,
sold or otherwise made available to and should not be offered, sold or otherwise made available to any
retail investor in the European Economic Area (the "EEA"). For these purposes, a retail investor means
a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive
2014/65/EU (as amended, "MiFID II"); or (ii) a customer within the meaning of Directive (EU) 2016/97
(as amended, the "Insurance Distribution Directive"), where that customer would not qualify as a
professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as
defined in Regulation (EU) 2017/1129. Consequently no key information document required by
Regulation (EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the Notes
or otherwise making them available to retail investors in the EEA has been prepared and therefore
offering or selling the Notes or otherwise making them available to any retail investor in the EEA may
be unlawful under the PRIIPs Regulation.

PROHIBITION OF SALES TO UK RETAIL INVESTORS The Notes are not intended to be offered,
sold or otherwise made available to and should not be offered, sold or otherwise made available to any
retail investor in the United Kingdom ("UK"). For these purposes, a retail investor means a person who
is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565
as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA");
or (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000,
as amended (the "FSMA") and any rules or regulations made under the FSMA to implement Directive
(EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of
Article 2(1) of Regulation (EU) No 600/2014 as it forms part of UK domestic law by virtue of the EUWA;
or (iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of
UK domestic law by virtue of the EUWA. Consequently no key information document required by
Regulation (EU) No 1286/2014 as it forms part of UK domestic law by virtue of the EUWA (the "UK
PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail
investors in the UK has been prepared and therefore offering or selling the Notes or otherwise making
them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.

MiFID II product governance / Professional investors and ECPs only target market Solely for
the purposes of the manufacturer's product approval process, the target market assessment in respect
of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties
and professional clients only, each as defined in MiFID II; and (ii) all channels for distribution of the
Notes to eligible counterparties and professional clients are appropriate. Any person subsequently
offering, selling or recommending the Notes (a "distributor") should take into consideration the
manufacturer's target market assessment; however, a distributor subject to MiFID II is responsible for
undertaking its own target market assessment in respect of the Notes (by either adopting or refining the
manufacturer's target market assessment) and determining appropriate distribution channels.

Final Terms dated 8 March 2021

Banque Internationale à Luxembourg, société anonyme
(incorporated with limited liability in Luxembourg)
Legal entity identifier (LEI): 9CZ7TVMR36CYD5TZBS50

Issue of EUR 29,000,000 Floating Rate Senior Notes due 9 February 2023 to be assimilated and form
a single Series with the existing EUR 210,000,000 Floating Rate Senior Notes due 9 February 2023,
issued as Tranche 1 of Series 4622, the EUR 11,000,000 Floating Rate Senior Notes due 9 February
2023, issued as Tranche 2 of Series 4622, the EUR 40,000,000 Floating Rate Senior Notes due 9
February 2023, issued as Tranche 3 of Series 4622 and the EUR 10,000,000 Floating Rate Senior
Notes due 9 February 2023, issued as Tranche 4 of Series 4622

(Series Number: 4622-5)
under the 10,000,000,000

Programme for the issue of Euro Medium Term Notes and Warrants

Part A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set
forth in the base prospectus dated 26 June 2020 and the supplements to it dated 11 August 2020 and
7 September 2020 which together constitute a base prospectus for the purposes of the Prospectus
Regulation (the "Base Prospectus"). This document constitutes the Final Terms of the Notes described
herein for the purposes of the Prospectus Regulation and must be read in conjunction with such Base
Prospectus in order to obtain all the relevant information. The Base Prospectus has been published on
the Issuer's website (www.bil.com).
1.
(i)
Series Number:
4622

(ii)
Tranche Number:
5

(iii)
Date on which the Notes will be The Notes will be consolidated and form a single
consolidated and form a single series with the EUR 210,000,000 Floating Rate
Series:
Notes due 9 February 2023, EUR 11,000,000
Floating Rate Notes due 9 February 2023, EUR
40,000,000 Floating Rate Notes due 9 February
2023, and EUR 10,000,000 Floating Rate Notes
due 9 February 2023 on exchange of the temporary
Global Note for interests in the permanent Global
Note, as referred to in paragraph 28 below, which
is expected to occur on or about April 19, 2021 (the
"Assimilation Date")..
2.
Specified Currency or Currencies:
Euro ("EUR")
3.
Aggregate Nominal Amount:

(i)
Series:
EUR 300,000,000

(ii)
Tranche:
EUR 29,000,000
4.
Issue Price:
100.587 per cent. of the Aggregate Nominal
Amount plus an amount of EUR 3,854,58
corresponding to accrued interest on such
Aggregate Nominal Amount from, and including, 9
February 2021, to but excluding, the Issue Date
5.
(i)
Specified Denominations:
EUR 100,000

(ii)
Calculation Amount:
EUR 100,000
6.
(i)
Issue Date:
10 March 2021

(ii)
Interest Commencement Date:
9 February 2021
7.
Maturity Date:
The Specified Interest Payment Date falling on or
nearest to 9 February 2023
8.
Interest Basis:
3 - month EURIBOR + 0.70 per cent. Floating
Rate

(further details specified below)
9.
Redemption Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the
Maturity Date at 100 per cent. of their nominal
amount
10.
Change of Interest Basis:
Not Applicable
11.
Put/Call Options:
Not Applicable
12.
(i)
Status of the Notes:
Senior Notes Condition 3(a) of the Terms and
Conditions of the Senior Notes and the Senior
Non Preferred Notes will apply

(ii)
Redemption upon occurrence of
Not Applicable
an MREL Disqualification Event
and amounts payable on
redemption thereof:

(iii)
Restricted EOD Notes:
Applicable Condition 11(b) of the Terms and
Conditions of the Senior Notes and the Senior
Non Preferred Notes will apply

(iv)
Date Board approval for
Not Applicable
issuance of Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
13.
Fixed Rate Note Provisions:
Not Applicable
14.
Reset Note Provisions:
Not Applicable
15.
Floating Rate Note Provisions:
Applicable

(Condition 5(b) in the Terms and

Conditions of the Senior Notes and the
Senior Non Preferred Notes)

(i)
Interest Period(s):
The period beginning on (and including) the
Interest Commencement Date and ending on (but
excluding) the First Interest Payment Date and
each successive period beginning on (and
including) a Specified Interest Payment Date and
ending on (but excluding) the next succeeding
Specified Interest Payment Date.

(ii)
Specified Interest Payment
On or nearest to 9 February, 9 May, 9 August and
Dates:
9 November in each year, commencing on the First
Interest Payment Date up to, and including, the
Maturity Date, all subject to adjustment in

accordance with the Business Day Convention
specified below.

(iii)
First Interest Payment Date:
The Specified Interest Payment Date falling on or
nearest to 9 May 2021

(iv)
Interest Period Date:
Not Applicable

(v)
Business Day Convention:
Modified Following Business Day Convention

(vi)
Business Centre(s):
TARGET System

(vii)
Manner in which the Rate(s) of
Screen Rate Determination
Interest is/are to be determined:

(viii)
Party responsible for calculating
Banque Internationale à Luxembourg SA
the Rate(s) of Interest and
Interest Amount(s) (if not the
Calculation Agent):

(ix)
Screen Rate Determination:
Applicable

- Reference Rate:
3 - month EURIBOR
Reference currency: EUR
Designated Maturity: 3 months

- Interest Determination Date(s):
Two TARGET Business Days prior to the first day
in each Interest Period

- Relevant Time:
11:00 AM, Brussels time

- Relevant Financial Centre:
Euro-Zone

- CMS Rate definitions:
None

- Relevant Screen Page:
Reuters Page EURIBOR01

(x)
ISDA Determination:
Not Applicable

(xi)
Linear Interpolation:
Not Applicable

(xii)
Margin(s):
0.70 per cent. per annum

(xiii)
Minimum Rate of Interest:
Not Applicable

(xiv)
Maximum Rate of Interest:
Not Applicable

(xv)
Day Count Fraction:
Actual/360

(xvi)
Adjustment of Rate of Interest:
Not Applicable
16.
Zero Coupon Note Provisions:
Not Applicable
17.
Range Accrual Notes Provisions:
Not Applicable
18.
Index Linked Interest Note Provisions:
Not Applicable
19.
Equity Linked Interest Note Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
20.
Index Linked Redemption Note
Not Applicable
Provisions:
21.
Equity Linked Redemption Note
Not Applicable
Provisions:
22.
Reverse Convertible Notes and Physical
Not Applicable
Delivery:
23.
Issuer Call Option:
Not Applicable
24.
Investor Put Option:
Not Applicable
25.
Final Redemption Amount of each Note:
EUR 100,000 per Calculation Amount

(Condition 7(a) in the Terms and

Conditions of the Senior Notes and the
Senior Non Preferred Notes)
26.
Early Redemption Amount:
As set out in the Terms and Conditions

(Condition 7(b), Condition 7(c) and

Condition 11(b), in the Terms and
Conditions of the Senior Notes and the
Senior Non Preferred Notes)

GENERAL PROVISIONS APPLICABLE TO THE NOTES
27.
Form of Notes:
Bearer Notes

28.
New Global Note:
Yes

Temporary Global Note exchangeable for a
permanent Global Note which is exchangeable for

Definitive Notes in the limited circumstances
specified in the permanent Global Note.
29.
Additional Financial Centre(s):
TARGET System
30.
Talons for future Coupons to be
No
attached to Definitive Notes:

Signed on behalf of the Issuer:

]

By: ................................................

Duly Authorised

Part B OTHER INFORMATION

1.
LISTING AND ADMISSION TO TRADING

Admission to trading:
Application has been made for the Notes to be
admitted to trading on the regulated market of the
Luxembourg Stock Exchange and listing on an official
list of the Luxembourg Stock Exchange with effect from
10 March 2021.

The original Notes are already listed from their
respective Issue Date.

Estimate of total expenses related
EUR 1,700
to admission to trading:
2.
RATINGS

Ratings:
The Notes to be issued have been rated:
A2 by Moody's France SAS ("Moody's")
Obligations rated A by Moody's on the long-term
rating scale are judged to be upper-medium grade
and are subject to low credit risk, the modifier 2
indicates a mid-range ranking.
Moody's is established in the European Union and is
registered under the Regulation (EC) No. 1060/2009
(as amended) (the "CRA Regulation"). As such
Moody's is included in the list of credit rating agencies
published by the European Securities and Markets
Authority on its website (at
http://www.esma.europa.eu/page/List-registered- and-
certified-CRAs) in accordance with the CRA
Regulation.
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save for the fees payable to the Dealer, so far as the Issuer is aware, no person involved in
the issue of the Notes has an interest material to the offer. The Dealer and its affiliates have
engaged, and may in the future engage, in investment banking and/or commercial banking
transactions with, and may perform other services for, the Issuer and its affiliates in the
ordinary course of business.
4.
YIELD

Indication of yield:
Not Applicable
5.
HISTORIC INTEREST RATES
Details of historical 3 month EURIBOR rates can be
obtained on Reuters
6.
PERFORMANCE OF THE SHARE, EXPLANATION OF EFFECT ON VALUE OF
INVESTMENT AND ASSOCIATED RISKS AND OTHER INFORMATION CONCERNING
THE SHARE
Not Applicable

7.
PERFORMANCE OF THE INDEX, EXPLANATION OF EFFECT ON VALUE OF
INVESTMENT AND ASSOCIATED RISKS AND OTHER INFORMATION CONCERNING
THE INDEX
Not Applicable
8.
OPERATIONAL NFORMATION

ISIN:
XS2313236197 until the Assimilation Date

XS2297660230 thereafter (upon consolidation with
Series 4622 Tranches 1, 2, 3 and 4 )

Common Code:
231323619 until the Assimilation Date

229766023 thereafter (upon consolidation with Series
4622 Tranches 1, 2, 3 and 4 )

CFI:
Not Applicable

FISN:
Not Applicable

Any clearing system(s) other than
Not Applicable
Euroclear and Clearstream,
Luxembourg and the relevant
identification number(s):

Delivery:
Delivery against payment

Name and address of initial Paying
Banque Internationale à Luxembourg SA
Agent:
69 route d'Esch
L-2953 Luxembourg
Grand Duchy of Luxembourg

Names and addresses of additional
Not Applicable
Paying Agents (if any):

Calculation Agent:
Banque Internationale à Luxembourg SA

Intended to be held in a manner
Yes. Note that the designation "yes" simply means that
which would allow Eurosystem
the Notes are intended upon issue to be deposited with
eligibility:
one of the ICSDs as common safekeeper and does
not necessarily mean that the Notes will be recognised
as eligible collateral for Eurosystem monetary policy
and intra day credit operations by the Eurosystem
either upon issue or at any or all times during their life.
Such recognition will depend upon the ECB being
satisfied that Eurosystem eligibility criteria have been
met.
9.
DISTRIBUTION

(i)
Method of distribution:
Non-syndicated

(ii)
If syndicated, names and
Not Applicable
addresses of Managers
and underwriting

commitments/quotas
(material features):

(iii)
Date of Subscription
Not Applicable
Agreement:

(iv)
Stabilisation Manager(s) (if
Not Applicable
any):

(v)
If non-syndicated, name
Daiwa Capital Markets Europe Limited
and address of relevant
5 King William Street
Dealer:
London EC4N 7AX
United Kingdom

(vi)
Total commission and
Not Applicable
concession:

(vii)
U.S. Selling Restrictions
Reg. S Compliance Category 2; TEFRA D The Notes
and U.S. Federal Income
are not Specified Notes for purposes of Section 871(m)
Tax Considerations:
of the U.S. Internal Revenue Code of 1986.

(viii)
Prohibition of Sales to EEA
Applicable
and UK Retail Investors:

(ix)
Prohibition of Sales to
Applicable
Belgian Consumers: