Obbligazione European Council 0.01% ( US222213AG54 ) in USD

European Council

100 USD ▲

Francia

US222213AG54 ( in USD )

0.01% per anno ( pagato 2 volte l'anno)

07/03/2018 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Council Of Europe US222213AG54 in USD 0.01%, scaduta

1 000 USD

1 250 000 000 USD

222213AG5

Il Consiglio d'Europa è un'organizzazione internazionale che promuove la democrazia, i diritti umani e lo stato di diritto in Europa.

The Obbligazione issued by European Council ( France ) , in USD, with the ISIN code US222213AG54, pays a coupon of 0.01% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 07/03/2018

PRICING SUPPLEMENT
(To prospectus supplement dated May 3, 2011
and prospectus dated May 25, 2010)
COUNCIL OF EUROPE
DEVELOPMENT BANK
$1,250,000,000
1.000% Notes due March 7, 2018
The Council of Europe Development Bank (the "Bank" or "CEB") will pay interest on the 1.000% Notes
due March 7, 2018 (the "Notes") on March 7 and September 7 of each year. Interest will accrue on the Notes
from and including March 7, 2013 and the first interest payment date will be September 7, 2013. The CEB may
not redeem the Notes prior to their maturity. There is no sinking fund for the Notes.
The CEB has applied for the Notes to be admitted to the official list of, and to trading on, the regulated
market of the Luxembourg Stock Exchange.
PRICE 99.51% AND ACCRUED INTEREST, IF ANY
Underwriting
Discounts
Proceeds to CEB
Price to Public (1)
And Commissions (2)
(1) (3)
Per Note . . . . . . . . . . . . . . . . . . . .
99.51%
0.125%
99.385%
Total . . . . . . . . . . . . . . . . . . . . . .
$1,243,875,000
$1,562,500
$1,242,312,500
(1) Plus accrued interest, if any, from March 7, 2013, if settlement occurs after that date.
(2) CEB has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the
Securities Act of 1933, as amended.
(3) Before deducting expenses related to the offering.
Neither the Securities and Exchange Commission, any state securities commission, the Luxembourg
Stock Exchange nor any foreign governmental agency has approved or disapproved of these securities or
determined whether this pricing supplement or the accompanying prospectus supplement or prospectus is
accurate and complete. Any representation to the contrary is a criminal offense.
The Underwriters expect to deliver the Notes to purchasers in book-entry form only through The
Depository Trust Company ("DTC") on March 7, 2013.
Crédit Agricole CIB
Deutsche Bank
Goldman Sachs International
TD Securities
Pricing Supplement dated February 28, 2013

TABLE OF CONTENTS
Page
Pricing Supplement
WHERE YOU CAN FIND MORE INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PS-3
SUMMARY OF THE OFFERING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PS-4
USE OF PROCEEDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PS-5
UNDERWRITING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PS-6
VALIDITY OF THE NOTES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PS-7
EXPERTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PS-8
GENERAL INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PS-9
Prospectus Supplement
INFORMATION RELATING TO THE NOTES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-3
DESCRIPTION OF THE NOTES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-4
Prospectus
ABOUT THIS PROSPECTUS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
FORWARD-LOOKING STATEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
WHERE YOU CAN FIND MORE INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
PRESENTATION OF FINANCIAL INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
THE COUNCIL OF EUROPE DEVELOPMENT BANK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
USE OF PROCEEDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
DEBT RECORD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
DESCRIPTION OF SECURITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
Ranking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
Negative Pledge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
Default, Acceleration of Maturity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
Redemption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
Repurchase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
Amendments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
Governing Law, Jurisdiction and Consent to Service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
UNDERWRITING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
GLOBAL CLEARANCE AND SETTLEMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
CURRENCY CONVERSIONS AND FOREIGN EXCHANGE RISKS . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
Currency Conversions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
Non-U.S. Dollars . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
Foreign Exchange Risks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
UNITED STATES TAXATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
VALIDITY OF THE SECURITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
AUTHORIZED REPRESENTATIVE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
EXPERTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
ENFORCEMENT OF CIVIL LIABILITIES AGAINST CEB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
This pricing supplement should be read together with the accompanying prospectus supplement dated
May 3, 2011 setting forth information relating to the Notes, the accompanying prospectus dated May 25, 2010,
and the documents incorporated herein by reference (see "Where You Can Find More Information" in this
pricing supplement). These documents taken together are herein referred to as the "disclosure document." The
documents incorporated herein by reference contain information regarding the CEB and other matters. Further
information concerning the CEB and the Notes offered hereby may be found in the registration statement
(Registration No. 333-166746) filed with the U.S. Securities and Exchange Commission (the "SEC") under the
Securities Act of 1933 relating to our debt securities described in the prospectus.
PS-1

If the information in this pricing supplement differs from the information contained in the accompanying
prospectus supplement or prospectus, you should rely on the information in this pricing supplement. If a
capitalized term is used in this pricing supplement and not defined, it is defined in the accompanying prospectus
or prospectus supplement and has the same meaning herein.
You should rely only on the information provided in the disclosure document. We have not authorized
anyone else to provide you with different information. We are not making an offer of these securities in any
jurisdiction where the offer is not permitted.
The distribution of this disclosure document, and the offering of the Notes in certain jurisdictions may be
restricted by law. Persons into whose possession this disclosure document comes should inform themselves about
and observe any such restrictions. This disclosure document does not constitute, and may not be used in
connection with, an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not
authorized or in which the person making such offer or solicitation is not qualified to do so or to any person to
whom it is unlawful to make such offer or solicitation. See "Underwriting".
This pricing supplement includes particulars provided in compliance with the rules governing admission of
securities to the official list of and to trading on the regulated market of the Luxembourg Stock Exchange for the
purpose of providing information on the CEB. The disclosure document does not constitute a "prospectus" within
the meaning of the Luxembourg law of July 10, 2005 on securities prospectuses. The CEB accepts full
responsibility for the accuracy of the information contained in the disclosure document and confirms, having
made all reasonable inquiries, that to the best of its knowledge and belief there are no other facts the omission of
which would make any statement herein misleading in any material respect. The CEB has not authorized anyone
to give you any other information, and the CEB takes no responsibility for any other information that others may
give you. You should not assume that the information contained in this disclosure document is accurate as of any
date other than the date on the front of each document forming part of the disclosure document, or, with respect
to information incorporated by reference, as of the date of such information.
Inquiries regarding our listing status on the Luxembourg Stock Exchange should be directed to our
Luxembourg listing agent, Banque Internationale à Luxembourg SA, 69, route d'Esch, L-2953 Luxembourg.
This pricing supplement and the accompanying prospectus and prospectus supplement will be published on
the website of the Luxembourg Stock Exchange at http://www.bourse.lu.
References herein to "euro" or "" are to the single European currency adopted by certain participating
member countries of the European Union, as of January 1, 1999. References to "U.S. dollars" or "$" are to
United States dollars.
References herein to "we" or "us" or similar expressions are to CEB.
PS-2

WHERE YOU CAN FIND MORE INFORMATION
The registration statement on Schedule B filed by the Bank (Registration No. 333-166746), including the
attached exhibits and schedules, contains additional relevant information about the Notes. The rules and
regulations of the Securities and Exchange Commission ("SEC") allow the Bank to omit certain information
included in the registration statement from this pricing supplement and the accompanying prospectus and
prospectus supplement. The registration statement, including its various exhibits, is available to the public over
the internet at the SEC's website: http://www.sec.gov. You may also read and copy these documents at the SEC's
public reference room, located at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at
+1-800-SEC-0330 for further information on the public reference room.
The CEB files annual reports and other information with the SEC, which are available to the public over the
internet at http://www.sec.gov or may be read and copied at the SEC's public reference room. The SEC allows
the Bank to "incorporate by reference" the documents that the Bank files with the SEC, which means that the
CEB can disclose important information to you by referring you to those documents. The information
incorporated by reference is considered to be part of this pricing supplement and the accompanying prospectus
and prospectus supplement, and later information that the CEB files with the SEC will automatically update and
supersede this information, as well as the information included in this pricing supplement and the accompanying
prospectus and prospectus supplement. We incorporate by reference the annual report on Form 18-K for the CEB
for the fiscal year ended December 31, 2011, as filed with the SEC on April 12, 2012 (File No. 333-164460) (the
"Annual Report") and any future periodic reports and amendments filed with the SEC under the United States
Securities Exchange Act of 1934, as amended, between the date of this pricing supplement and the termination of
the offering of the Notes. We also incorporate by reference Amendment No. 1 to the Annual Report on Form 18-
K/A, as filed with the SEC on October 9, 2012 (File No. 333-164460) and Amendment No. 2 to the Annual
Report on Form 18-K/A, as filed with the SEC on February 1, 2013 (File No. 333-164460). The Bank's Form
18-K and amendments on Form 18-K/A contain or will contain, among other information, its most recently
published annual report and financial statements, from time to time.
You can obtain any of the documents incorporated by reference in this document through us, from the SEC
as described above or, with respect to the Annual Report, and so long as any of the Notes are listed on the
Luxembourg Stock Exchange, on the website of the Luxembourg Stock Exchange at http://www.bourse.lu.
Documents incorporated by reference are available without charge by requesting them in writing or by telephone
from the CEB at the following address and telephone number:
Council of Europe Development Bank
55, avenue Kléber
75116 Paris, France
+33 (0)1 47 55 55 00
PS-3

SUMMARY OF THE OFFERING
The following summary is qualified in its entirety by, and should be read in conjunction with, the more
detailed information appearing elsewhere in this pricing supplement and the accompanying prospectus
supplement and prospectus.
Issuer
Council of Europe Development Bank.
Securities Offered
US$ 1,250,000,000 principal amount of 1.000% Notes due
March 7, 2018.
Issue Date
March 7, 2013.
Maturity Date
March 7, 2018.
Interest Payment Dates
March 7 and September 7 of each year, with interest
accruing from March 7, 2013 and the first interest payment
being made on September 7, 2013.
Interest Rate
1.000% per annum, from March 7, 2013. Interest will be
calculated on the basis of a 360-day year consisting of
twelve 30-day months, subject to the Business Day
Convention as described in the accompanying prospectus
supplement.
Redemption
The Notes are not subject to redemption prior to maturity.
Settlement Cycle
T+5.
Listing
The CEB has applied for the Notes to be admitted to the
official list of and to trading on the regulated market of the
Luxembourg Stock Exchange.
Form, Registration and Settlement
The Notes will be represented by the Global Note registered
in the name of Cede & Co. as nominee for DTC. The Global
Note will be deposited with a custodian for DTC. Except as
described in the accompanying prospectus, beneficial
interests in the Global Note will be represented through
accounts of financial institutions acting on behalf of the
beneficial owners as direct and indirect participants in DTC.
Investors may elect to hold interests in the Global Note
through DTC, if they are participants in DTC, or indirectly
through organizations that are participants in DTC. Owners
of beneficial interests in the Global Note will not be entitled
to have Notes registered in their names and will not receive
or be entitled to receive physical delivery of definitive
Notes. Initial settlement for the Notes will be made in
immediately available funds in U.S. dollars. See "Global
Clearance and Settlement" in the accompanying prospectus.
Withholding Tax; No Additional Amounts
The CEB has been advised that under current United States
tax law payments of principal of and interest on the Notes
may generally be made by the CEB without withholding or
deduction for United States withholding taxes, assuming
that the requirements set forth under "United States
Taxation--United States Alien Holders" and "United States
Taxation--Backup Withholding and Information Reporting"
in the accompanying prospectus are satisfied. The CEB will
not pay additional amounts to holders of Notes who are
individuals in respect of any withholding tax. For further
details, see "United States Taxation" in the accompanying
prospectus and "Description of Notes--No Payments of
Additional Amounts" in the accompanying prospectus
supplement.
Fiscal Agent
Citibank, N.A. will be acting in its capacity as Fiscal Agent
through its office located at Citigroup Centre, Canada
Square, Canary Wharf, London, E14 5LB, United Kingdom.
PS-4

USE OF PROCEEDS
The net proceeds from the sale of the Notes offered hereby will be used in the general operations of the
CEB, including disbursements of loans heretofore or hereafter granted by the CEB. The Bank can make no
representation as to the particular projects for which, or borrowers to which, such loans will be made or as to the
Member States in which such projects will be located.
PS-5

UNDERWRITING
The Bank intends to offer the Notes through Crédit Agricole Corporate and Investment Bank, Deutsche
Bank AG, London Branch, Goldman Sachs International, TD Securities (USA) LLC as Underwriters. Subject to
the terms and conditions of the underwriting agreement with the CEB, dated February 28, 2013, the Underwriters
have agreed to purchase, and the CEB has agreed to sell to the Underwriters, $1,250,000,000 in principal amount
of Notes, as indicated in the table below:
Principal Amount
Underwriter
of the Notes
Crédit Agricole Corporate and Investment Bank . . . . .
$ 312,500,000
Deutsche Bank AG, London Branch . . . . . . . . . . . . . .
$ 312,500,000
Goldman Sachs International . . . . . . . . . . . . . . . . . . . .
$ 312,500,000
TD Securities (USA) LLC . . . . . . . . . . . . . . . . . . . . . .
$ 312,500,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$1,250,000,000
The underwriting agreement provides that the Underwriters are obligated to purchase all of the Notes if any
are purchased.
The Underwriters propose to offer the Notes initially at the offering price on the cover page of this
prospectus supplement.
The Underwriters may offer such Notes to selected dealers at the public offering price minus a selling
concession of up to 0.125% of the principal amount of the Notes. After the initial offering, the Underwriters may
change the public offering price and other selling terms.
The CEB has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the
Securities Act of 1933, or to contribute to payments the Underwriters may be required to make in respect of those
liabilities.
The total expenses of the offering, excluding underwriting discounts and commissions, are estimated to
amount to approximately $164,970.
The Notes are a new issue of securities with no established trading market. The CEB has been advised by
the Underwriters that they presently intend to make a market in the Notes after completion of the offering.
However, they are under no obligation to do so and may discontinue any market-making activities at any time
without any notice. No assurance can be given with respect to the liquidity of the trading market for the Notes or
that an active public market for the Notes will develop. If an active public trading market for the Notes does not
develop, the market price and liquidity of the Notes may be adversely affected.
In connection with this offering, the Underwriters may, subject to applicable laws and regulations, purchase
and sell the Notes in the open market. These transactions may include short sales, stabilizing transactions and
purchases to cover positions created by short sales. Short sales involve the sale by the Underwriters of a greater
number of Notes than they are required to purchase in this offering. Stabilizing transactions consist of certain
bids or purchases made for the purpose of preventing or retarding a decline in the market price of the Notes while
the offering is in progress.
These activities by the Underwriters may stabilize, maintain or otherwise affect the market price of the
Notes. As a result, the price of the Notes may be higher than the price that otherwise might exist in the open
market. If these activities are commenced, they may be discontinued by the Underwriters at any time.
Offers and sales in the United States are expected to be made through affiliates of the Underwriters that are
registered as broker-dealers, acting as U.S. selling agents.
Other relationships
The Underwriters and their affiliates from time to time may have provided certain investment banking,
commercial banking and financial advisory services to the Bank, for which they have received customary fees,
commissions and other payments, and they may provide such services to us in the future, for which they would
receive customary fees, commissions and other payments.
PS-6

VALIDITY OF THE NOTES
The validity of the Notes will be passed upon on behalf of CEB by Sullivan & Cromwell LLP, Paris, France,
and for the Underwriters by Cleary Gottlieb Steen and Hamilton LLP, Paris, France. Sullivan & Cromwell LLP
and counsel to the Underwriters may rely as to certain matters on the opinion of the CEB's General Counsel.
PS-7

EXPERTS
The financial statements of the CEB for the year ended 2011, including the balance sheets, the profit and
loss accounts, the statements of changes in equity, the cash flow statements and notes comprising a summary of
significant accounting policies and other explanatory notes, included in the CEB's Annual Report on Form 18-K
and incorporated by reference herein, have been audited by Deloitte & Associés, Paris, an independent registered
public accounting firm, as set forth in their report thereon incorporated by reference therein and incorporated
herein by reference, and are included in reliance upon their report given on the authority of this firm as experts in
accounting and auditing.
PS-8

GENERAL INFORMATION
The following information is required by the rules of the Luxembourg Stock Exchange:
1.
The issuance of the Notes was duly authorized by the CEB pursuant to a resolution of the Administrative
Council of September 21, 2012.
2.
The Notes have been accepted for clearance through DTC. The Global Note has been assigned ISIN
No. US222213AG54, CUSIP No. 222213AG5 and Common Code No. 089975654.
3.
The CEB will appoint Citibank, N.A., London Branch as Paying Agent and transfer agent with respect to the
Notes. A copy of the Fiscal Agency Agreement will be available for inspection at the offices of Citibank,
N.A., London Branch and Banque Internationale à Luxembourg SA, so long as any of the Notes are listed
on the Luxembourg Stock Exchange. In addition, a copy of the current, and any future, published annual and
interim report of the CEB described under "Where You Can Find More Information" may be obtained free
of charge at the office of Banque Internationale à Luxembourg SA, so long as any of the Notes are listed on
the Luxembourg Stock Exchange.
PS-9