Bond Euro Investment Bank 3.625% ( XS0170558877 ) in EUR

Issuer Euro Investment Bank
Market price 100 %  ⇌ 
Country  Luxembourg
ISIN code  XS0170558877 ( in EUR )
Interest rate 3.625% per year ( payment 1 time a year)
Maturity 14/10/2013 - Bond has expired



Prospectus brochure of the bond European Investment Bank (EIB) XS0170558877 in EUR 3.625%, expired


Minimal amount /
Total amount /
Detailed description The European Investment Bank (EIB) is the European Union's long-term lending institution, financing projects that contribute to EU policy objectives.

The Bond issued by Euro Investment Bank ( Luxembourg ) , in EUR, with the ISIN code XS0170558877, pays a coupon of 3.625% per year.
The coupons are paid 1 time per year and the Bond maturity is 14/10/2013










Prospectus Supplement
(To Prospectus Dated September 18, 2002)



Euro Area Reference Note Issuance Facility

SERIES NO: 1597/01


EUR 5,000,000,000 3.625 per cent. EARNs due 2013

Issue Price: 99.321 per cent.

Citigroup
Deutsche Bank
Nomura Securities



Barclays Capital

HSBC CCF
BNP PARIBAS

JPMorgan
Credit Suisse First Boston

Morgan Stanley
Dresdner Kleinwort Wasserstein

SG Investment Banking


UBS Investment Bank



ABN AMRO

ING
CDC IXIS Capital Markets

Leh an Brothers
m
Crédit Agricole Indosuez

Merrill Lynch & Co.
Goldman Sachs International

UBM - UniCredit Banca Mobiliare



Banca Akros S.p.A. - Gruppo Banco
Bank Pekao S.A.
Nordea
Popolare di Milano






The date of this Prospectus Supplement is June 12, 2003







This Prospectus Supplement, under which the EARNs described herein (the "EARNs") are issued, is supplemental to, and
should be read in conjunction with, the Prospectus (the "Prospectus") dated September 18, 2002 issued in relation to the Euro
Area Reference Note Issuance Facility of European Investment Bank ("EIB"). Terms defined in the Prospectus have the same
meaning in this Prospectus Supplement. The EARNs will be issued on the terms of this Prospectus Supplement read together
with the Prospectus. EIB accepts responsibility for the information contained in this Prospectus Supplement which, when read
together with the Prospectus, contains all information that is material in the context of the issue of the EARNs.
This Prospectus Supplement does not constitute, and may not be used for the purposes of, an offer of, or an invitation by or on
behalf of anyone to subscribe or purchase any of the EARNs unless accompanied by the Prospectus.
This Prospectus Supplement is referred to as a "Prospectus Supplement" for the purpose of registration with the United
States Securities and Exchange Commission and corresponds to a "Pricing Supplement" under the European Area
Reference Note Issuance Facility of EIB dated January 3, 2002, as defined in the Agency Agreement dated as of January 3,
2002, between EIB and BNP Paribas Securities Services, Luxembourg Branch.
Application has been made for the EARNs to be listed on the Luxembourg Stock Exchange and Euronext Paris.
In connection with this issue, Nomura International plc may over-allot or effect transactions with a view to supporting the
market price of the EARNs at a higher level than that which might otherwise prevail for a limited period after the issue date.
However, there may be no obligation on Nomura International plc to do this. Such stabilising, if commenced, may be
discontinued at any time and must be brought to an end after a limited period.
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The terms of the EARNs and additional provisions relating to their issues are as follows:

1 Series
No:
1597
2 Tranche
No:
01
3
ISIN (European Global Note):
XS0170558877
4
Common Code (European Global Note)
017055887
5
Common Code (DTC Global Note)
N/A
6
ISIN (DTC Global Note)
US298785CY09
7
CUSIP (DTC Global Note)
298785CY0
8 Currency:
EUR

9
Principal Amount of Tranche:
5,000,000,000
10
Issue Date:
June 19, 2003
11 Denomination:
EUR
1,000
12
Interest Commencement Date:
June 19, 2003
13
Interest rate:
3.625 per cent. per annum
14
Reference Rate (Floating Rate EARNs):
N/A
15
Margin (Floating Rate EARNs):
N/A
16
Relevant Screen Page (Floating Rate Targeted EARNs):
N/A
17
Interest Payment Date(s):
October 15 of each year to holders of
EARNs as of the Record Date,
beginning on October 15, 2003.
(First Short Coupon for the 118-day
period from and including the Issue
Date to but excluding October 15,
2003). The Record Date may be
changed by agreement among EIB,
the Fiscal Agent and all applicable
securities clearing systems
18
Maturity Date:
October 15, 2013
19
Details of any other additions or variations to the Conditions
N/A
(if applicable):
20
Details of any additions or variations to the selling
EARNs are being offered pursuant to
restrictions:
a Registration Statement filed with
the United States Securities and
Exchange Commission
21
The Agents appointed in respect of the EARNs:
BNP Paribas Securities Services,
Luxembourg Branch (previously BNP
Paribas Luxembourg) as Fiscal Agent,
Principal Paying Agent, Registrar and
Luxembourg Listing Agent
BNP Paribas Securities Services S.A.
as Paris Paying Agent
BNP Paribas, Paris as a
P ris Listing
Agent
22
Listing:
Luxembourg and Euronext Paris
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23
Selling Commission:
0.05 per cent. of the principal amount
of the EARNs
24
Management and Underwriting Commission:
0.1 per cent. of the principal amount
of the EARNs
25
Method of issue of EARNs:
Syndicated Issue
26
The following Dealers are subscribing the EARNs:

Joint Lead Managers and Joint Bookrunners:
Citigroup Global Markets Limited
Deutsche Bank AG London
Nomura International plc

Senior Co-Lead Managers:
Barclays Bank PLC

BNP Paribas
Credit Suisse First Boston (Europe)
Limited
Dresdner Bank Aktiengesellschaft
CCF
J.P. Morgan Securities Ltd.
Morgan Stanley & Co. International
Limited
Société Générale
UBS Limited
Co-Lead
Managers:
ABN AMRO a
B nk N.V.

CDC IXIS Capital Markets
Crédit Agricole Indosuez
Goldman Sachs International
ING Belgium S.A./N.V.
Lehman Brothers International
(Europe)
Merrill Lynch International
UniCredit Banca Mobiliare S.p.A.
Selling
Group:
Banca Akros S.p.A. - Gruppo Banca
Popolare di Milano

Bank Polska Kasa Opieki S.A.
Nordea Bank Danmark A/S
27
Clearing Systems:
Euroclear Bank S.A./N.V., a
s
operator of the Euroclear System
Clearstream Banking, société
anonyme (Clearstream, Luxembourg)
The Depository Trust Corporation
("DTC")
Euroclear France (Sicovam Codes:
47508 for the European Global Note
and 47509 for the DTC Global Note)

S-4






SEC FILINGS



This
Prospectus
Supplement incorporates by reference the documents listed below that EIB previously filed with
the Commission. They contain important information about us.
Annual Reports on Form 18-K..........................
For the fiscal year ended December 31, 2002

For the fiscal year ended December 31, 2001





EIB incorporates by reference additional documents that it may file with the Commission between the date of
this Prospectus Supplement and the termination of the offering of the EARNs. These documents include periodic reports,
such as Annual Reports on Form 18-K and amendments on Form 18-K/A.

EXPERTS
The financial statements incorporated in this Prospectus Supplement by reference to the 2002 Annual Report on
Form 18-K have been incorporated in reliance on the reports of Ernst & Young, société anonyme, independent
accountants, given on the authority of such firm as experts in auditing and accounting.

GENERAL INFORMATION

1.
The issuance of the EARNs was duly authorized by EIB pursuant to a decision of its Board of Directors made on
December 4, 2002, and decisions of its Management Committee made on May 14, 2003, May 20, 2003 and June
12, 2003.
.2 A copy of the current, and any future, annual report of EIB may be obtained free of charge by the holders of the
EARNs at the office of BNP Paribas Securities Services, Luxembourg Branch or BNP Paribas Paris. Any
documents filed by EIB with the United States Securities and Exchange Commission and incorporated into this
Prospectus Supplement and the accompanying Prospectus by reference are available for inspection by the holders
of the EARNs at the office of BNP Paribas Securities Services, Luxembourg Branch or BNP Paribas Paris. Certain
of the documents we have filed with or furnished to the SEC are also available to the public from the United States
Securities and Exchange Commission's website at www.sec.gov.

RECENT DEVELOPMENTS ­ EU i
W thholding Tax
The European Union is preparing a directive regarding the taxation of savings income. The directive would
require Member States to provide to the tax authorities of another Member State details of payments of interest made by a
person within its jurisdiction to an individual resident in that other Member State. Certain Member States opted instead for
a withholding system for a transitional period in relation to such payments. Investors should rely on their own analysis of
the proposals and should take advice from appropriate legal or taxation professionals.

U
E ROPEAN INVESTMENT BANK
By:

E
D
L
A ERS
Citigroup Global Markets Limited
Deutsche Bank AG London
Nomura International plc
Barclays Bank PLC
BNP Paribas
Credit Suisse First Boston (Europe) Limited
Dresdner Bank Aktiengesellschaft
CCF
J.P. Morgan Securities Ltd.
Morgan Stanley & Co. International Limited
S-5




Société Générale
UBS Limited
ABN AMRO Bank N.V.
CDC IXIS Capital Markets
Crédit Agricole Indosuez
Goldman Sachs International
ING Belgium S.A./N.V.
Lehman Brothers International (Europe)
Merrill Lynch International
UniCredit Banca Mobiliare S.p.A.
Banca Akros S.p.A. - Gruppo Banca Popolare di Milano
Bank Polska Kasa Opieki S.A.
Nordea Bank Danmark A/S

By:
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PROSPECTUS

100, Boulevard Konrad Adenauer
L-2950 Luxembourg
Grand Duchy of Luxembourg
(352) 4379-1
____________________________________________
European Investment Bank may offer and sell:
EURO AREA REFERENCE NOTES ("EARNs")
under the EARN ISSUANCE FACILITY
____________________________________________
· The European Investment Bank from time to time may offer its EARNs (as defined
above) denominated in euro.
· The EARNs will be offered from time to time in amounts and at prices and on terms
to be determined at the time of sale and to be set forth in supplements to this
Prospectus. The EARNs will be unconditional, direct and general obligations of EIB
in accordance with their terms for their payment and performance.
· We will provide specific terms of the EARNs in supplements to this Prospectus.
You should read this Prospectus and any supplement carefully before you invest.
· This Prospectus may be used to offer and sell EARNs only if accompanied by the
Prospectus Supplement for those EARNs.
____________________________________________
Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of the securities to be issued under this
Prospectus or determined that this Prospectus is accurate or adequate. Any
representation to the contrary is a criminal offense.
The date of this Prospectus is September 18, 2002





TABLE OF CONTENTS
Page
ABOUT THIS PROSPECTUS.............................................................................................................................................. 3
WHERE YOU CAN FIND MORE INFORMATION .......................................................................................................... 3
THE EUROPEAN INVESTMENT BANK .......................................................................................................................... 5
ADMINISTRATION ............................................................................................................................................................ 6
LEGAL STATUS.................................................................................................................................................................. 6
USE OF PROCEEDS............................................................................................................................................................ 6
SUMMARY OF THE FACILITY ........................................................................................................................................ 7
DESCRIPTION OF SECURITIES ....................................................................................................................................... 9
BOOK-ENTRY SYSTEM .................................................................................................................................................. 13
CURRENCY CONVERSIONS AND FOREIGN EXCHANGE RISKS............................................................................ 17
UNITED STATES TAXATION......................................................................................................................................... 18
VALIDITY OF THE SECURITIES.................................................................................................................................... 21
EXPERTS ........................................................................................................................................................................... 21
ADDITIONAL INFORMATION ....................................................................................................................................... 22
AUTHORIZED AGENT IN THE UNITED STATES........................................................................................................ 26

2




In recent years there have been significant changes in the relative values of the euro and other currencies. To date such
changes in relative currency values have not had an adverse effect on EIB's financial condition. EIB is unable to predict
any future effect of such currency conditions on its financial condition. For additional information regarding exchange
rates, see "Currency Conversions and Foreign Exchange Risks" and Notes to the Financial Statements in Exhibit I to
EIB's Annual Reports on Form 18-K referred to below.
References in this Prospectus to "euro" and "EUR" are to the lawful currency of the member states of the European
Union who are participants in the third stage of economic and monetary union. References in this Prospectus to "U.S.
Dollars", "U.S.$", "dollar" or "$" are to the lawful currency of the United States.
ABOUT THIS PROSPECTUS
This Prospectus is part of a Registration Statement (the "Registration Statement") that we filed with the Securities and
Exchange Commission (the "Commission") under the Securities Act of 1933 (the "Securities Act") utilizing a "shelf"
registration process.
This Prospectus provides you with a general description of the EARNs we may offer. Each time we sell EARNs, we will
provide a Prospectus Supplement that will contain specific information about the terms of that offering. The Prospectus
Supplement may also add, update or change information contained in this Prospectus. You should read both this
Prospectus and any Prospectus Supplement together with additional information described under the heading "Where You
Can Find More Information" beginning on page 3 of this Prospectus.
You should rely only on the information provided in this Prospectus and in any Prospectus Supplement including the
information incorporated by reference. We have not authorized anyone to provide you with different information. We are
not offering the securities in any state where the offer is not permitted. You should not assume that the information in this
Prospectus, any Prospectus Supplement, or any incorporated document is accurate at any date other than the date indicated
on the cover page of that document.
WHERE YOU CAN FIND MORE INFORMATION
The Registration Statement, including the attached exhibits and schedules, contains additional relevant information about
the EARNs. The rules and regulations of the Commission allow us to omit certain information included in the Registration
Statement from this Prospectus.
In addition, we file reports and other information with the Commission under the Securities Exchange Act of 1934. You
may read and copy this information at the following locations of the Commission:
Public Reference Room
450 Fifth Street, N.W.
Room 1024
Washington, D.C. 20549
You may also obtain copies of this information by mail from the Public Reference Room of the Commission, 450 Fifth
Street, N.W., Room 1024, Washington, D.C. 20549, at prescribed rates. You may obtain information on the operation of
the Public Reference Room by calling the Commission at 1-800-SEC-0330.
The Commission allows us to "incorporate by reference" information into this Prospectus. This means that we can disclose
important information to you by referring you to another document filed separately with the Commission. The information
incorporated by reference is considered to be a part of this Prospectus, except for any information that is superseded by
information that is included directly in this document.
3




This Prospectus incorporates by reference the documents listed below that EIB previously filed with the Commission.
They contain important information about us.
SEC Filings
Annual Reports on Form 18-K..........................
For the fiscal year ended December 31, 2001

For the fiscal year ended December 31, 2000

EIB incorporates by reference additional documents that it may file with the Commission between the date of this
Prospectus and the termination of the offering of the securities. These documents include periodic reports, such as Annual
Reports on Form 18-K and amendments on Form 18-K/A.
You can obtain any of the documents incorporated by reference in this document through us, or from the Commission.
Documents incorporated by reference are available from us without charge, excluding any exhibits to those documents
incorporated by reference in this Prospectus, by requesting them in writing or by telephone from us at the following
address and telephone number:
Capital Markets Department
European Investment Bank
100, Boulevard Konrad Adenauer
L-2950 Luxembourg,
Grand Duchy of Luxembourg
Telephone: (352) 4379-1
If you request any incorporated documents from us, we will mail them to you by first class mail, or another equally prompt
means, within one business day after we receive your request.
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Document Outline