Obbligazione Euro Investment Bank 0.0215% ( XS0282506657 ) in JPY

Euro Investment Bank

100 JPY ▼

Lussemburgo

XS0282506657 ( in JPY )

0.0215% per anno ( pagato 2 volte l'anno)

18/01/2027

Prospetto opuscolo dell'obbligazione European Investment Bank XS0282506657 en JPY 0.0215%, scadenza 18/01/2027

18/01/2026 ( In 75 giorni )

La Banca Europea per gli Investimenti (BEI) è un'istituzione dell'Unione europea che fornisce finanziamenti a lungo termine per progetti che promuovono l'integrazione europea e lo sviluppo economico.

The Obbligazione issued by Euro Investment Bank ( Luxembourg ) , in JPY, with the ISIN code XS0282506657, pays a coupon of 0.0215% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 18/01/2027

PROSPECTUS SUPPLEMENT
FILED PURSUANT TO RULE 424(B)(5)
(To Prospectus Dated July 28, 2006)
REGISTRATION NO. 333-135490

¥50,000,000,000 2.15% Notes Due 2027
_______________________
Interest payable on January 18 and July 18 of each year, commencing July 18, 2007.
_______________________
The Notes will mature on January 18, 2027. The EIB will not have the right to redeem the Notes before
their scheduled maturity.
_______________________
Application has been made for the Notes to be admitted to the official list of and to trading on the Bourse
de Luxembourg, which is the regulated market of the Luxembourg Stock Exchange.
_______________________
PRICE OF THE NOTES 99.525% AND ACCRUED INTEREST, IF ANY
_______________________
Underwriters
Discounts and
Proceeds to

Price to Public
Commissions
the EIB
Per Note....................................................................................................
99.525% 0.225%
99.300%
Total .........................................................................................................
¥49,762,500,000 ¥112,500,000 ¥49,650,000,000

_______________________
The United States Securities and Exchange Commission, state securities regulators, the Luxembourg
Stock Exchange or any foreign governmental agencies have not approved or disapproved these Notes, or
determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any
representation to the contrary is a criminal offense.
The Underwriters below expect to deliver the Notes to purchasers in book-entry form only, through the
facilities of The Depository Trust Company ("DTC"), Clearstream Banking, société anonyme or Euroclear
Bank S.A./N.V. as the case may be, on January 18, 2007.

NOMURA
SECURITIES

MITSUBISHI UFJ SECURITIES
DAIWA SECURITIES SMBC EUROPE
MERRILL LYNCH & CO
INTERNATIONAL PLC
MIZUHO INTERNATIONAL PLC
NIKKO CITIGROUP

January 11, 2007

TABLE OF CONTENTS
Prospectus Supplement

Prospectus

Page

Page
Where You Can Find More Information
S-3 About this Prospectus
3
Filings
S-3

Summary of the Offering
S-5 Where You Can Find More Information
3
Application of Proceeds
S-7 The European Investment Bank
5
Description of Notes
S-7 Use of Proceeds
7
Book-Entry System
S-9 Description of Securities
8
Currency Conversions
S-12 Plan of Distribution
15
Underwriters
S-13 Currency Conversions and Foreign Exchange
Recent Developments
S-14
Risks 16
United States Taxation
S-15 United States Taxation
17
Validity of the Notes
S-19 Directive on Taxation of Savings Income
21
Experts S-20
Legal
Opinions
22
General Information
S-20 Experts
22

Enforcement of Civil Liabilities Against the EIB 22

Authorized Representative in the United States
23

You should rely only on the information contained in this prospectus supplement and the accompanying
prospectus. We have not authorized anyone to provide you with information different from that contained in this
prospectus supplement and the accompanying prospectus. We are offering to sell Notes and making offers to buy
Notes only in jurisdictions where offers and sales are permitted. The information contained in this prospectus
supplement and the accompanying prospectus is accurate only as of the date of this prospectus supplement,
regardless of the time of delivery of this prospectus supplement and the accompanying prospectus or any sale of
the Notes.
The information set forth herein, except the information appearing under the heading "Underwriters", is stated
on the authority of the President of the EIB, acting in his duly authorized official capacity as President.
If we use a capitalized term in this prospectus supplement and do not define the term in this document, it is
defined in the accompanying prospectus. References herein to "Japanese yen" or "¥" are to the lawful currency of
Japan.
The Notes are offered globally for sale in those jurisdictions in the United States, Canada, Europe, Asia and
elsewhere where it is lawful to make offers. See "Underwriters".
This prospectus supplement and the accompanying prospectus include particulars given in compliance with
the rules governing admission of securities to the official list of and to trading on the Bourse de Luxembourg,
which is the regulated market of the Luxembourg Stock Exchange, for the purpose of giving information with
regard to the EIB. This prospectus supplement and the accompanying prospectus do not constitute a "prospectus
supplement" or "prospectus", respectively, within the meaning of the Luxembourg law of July 10, 2005 on
securities prospectuses. The EIB accepts full responsibility for the accuracy of the information contained in this
prospectus supplement and the accompanying prospectus and confirms, having made all reasonable inquiries, that
to the best of its knowledge and belief there are not other facts the omission of which would make any statement
herein or in the prospectus misleading in any material respect.
We cannot guarantee that listing will be obtained on the Luxembourg Stock Exchange. Inquiries regarding
our listing status on the Luxembourg Stock Exchange should be directed to our Luxembourg listing agent, Dexia
Banque Internationale à Luxembourg, 69, route d'Esch, L-2953 Luxembourg.
The distribution of this prospectus supplement and prospectus and the offering of the Notes in certain
jurisdictions may be restricted by law. Persons into whose possession this prospectus supplement and the
prospectus come should inform themselves about and observe any such restrictions. This prospectus supplement
and the prospectus do 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
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solicitation is not qualified to do so or to any person to whom it is unlawful to make such offer or solicitation. See
"Underwriters".
WHERE YOU CAN FIND MORE INFORMATION
The registration statement, including the attached exhibits and schedules, contains additional relevant
information about the Notes. The rules and regulations of the Securities and Exchange Commission, or 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 U.S. Securities Exchange
Act of 1934, as amended. You may read and copy this information at the following location of the Commission:
Public Reference Room
100 F Street, N.E.
Room 1580
Washington, D.C. 20549
You may also obtain copies of this information by mail from the Public Reference Section of the
Commission, 100 F Street, N.E., Room 1580, 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. All
filings made after December 15, 2002 are also available online through the Commission's EDGAR electronic
filing system. Access to EDGAR can be found on the Commission's website, at http://www.sec.gov.
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 or in incorporated
documents of a later date.
This prospectus supplement incorporates by reference the documents listed below that the EIB previously
filed with the Commission. They contain important information about us. All other documents which the EIB
previously filed with the Commission, including those listed under the heading "Where You Can Find More
Information" in the accompanying prospectus, have been superseded by these documents.
FILINGS
Annual Reports on Form 18-K ........................................
· For the fiscal year ended December 31, 2005
(File No. 001-05001)

· For the fiscal year ended December 31, 2004
(File No. 001-05001)
· For the fiscal year ended December 31, 2003

(File No. 001-05001)
Amendments on Form 18-K/A .........................................
· Amendment No. 1 to the Annual Report for

the fiscal year ended December 31, 2005 on
Form 18-K/A dated September 26, 2006 (File
No. 001-05001)
· Amendment No. 1 to the Annual Report for
the fiscal year ended December 31, 2004 on
Form 18-K/A dated October 11, 2005 (File
No. 001-05001)
· Amendment No. 1 to the Annual Report for
the fiscal year ended December 31, 2003 on
Form 18-K/A dated August 27, 2004 (File
S-3

No. 001-05001)

The 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 Notes. 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 supplement, 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. This prospectus supplement and the
accompanying prospectus will be published on the website of the Luxembourg Stock Exchange at
http://www.bourse.lu.
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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 prospectus supplement and the prospectus.
Issuer ..............................................
European Investment Bank.
Securities Offered ..........................
¥50,000,000,000 principal amount of 2.15% Notes due 2027.
Maturity Date .................................
January 18, 2027.
Interest Payment Dates ...............
January 18 and July 18 of each year, commencing July 18,
2007.
Interest Rate ...................................
2.15% per annum.
Redemption ....................................
The Notes are not subject to redemption prior to maturity.
Markets ..........................................
The Notes are offered for sale in those jurisdictions in the
United States, Canada, Europe, Asia and elsewhere where it is
legal to make such offers. See "Underwriters".
Listing ............................................
Application has been made for the Notes to be admitted to the
official list of and to trading on the Bourse de Luxembourg,
which is the regulated market of the Luxembourg Stock
Exchange.
Form, Registration and Settlement .
The Notes will be represented by (i) a fully registered global
certificate (the "DTC Global Note") registered in the name of
Cede & Co. as nominee for DTC and (ii) a global certificate in
bearer form (the "European Global Note" and, together with
the DTC Global Note, the "Global Notes"). The Global Notes
will be deposited, until all obligations of the EIB under the
Notes are satisfied, with a custodian and common depositary
(the "Note Depositary") for DTC, Euroclear Bank S.A./N.V.
and Clearstream Banking, société anonyme. Beneficial
interests in the Global Notes will be represented through
accounts of financial institutions acting on behalf of the
beneficial owners as direct and indirect participants in DTC,
Euroclear and Clearstream, Luxembourg. Investors may elect
to hold interests in the DTC Global Note through DTC or in
the European Global Note through Euroclear or Clearstream,
Luxembourg, if they are participants in such systems, or
indirectly through organizations that are participants in such
systems. Owners of beneficial interests in the Global Notes
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 in bearer form. Initial settlement for the
Notes will be made in immediately available funds in Japanese
yen. See "Book-Entry System".
Withholding Tax ............................
The EIB 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 EIB without withholding or
deduction for United States withholding taxes. For further
details with respect to this and relevant European tax
S-5

measures, see under the headings "United States Taxation" and
"Directive on Taxation of Savings Income" in the
accompanying prospectus.
S-6

APPLICATION OF PROCEEDS
The net proceeds of ¥49,650,000,000 from the sale of the Notes offered hereby will be used in the
general operations of the EIB, including disbursements of loans heretofore or hereafter granted by the EIB.
DESCRIPTION OF NOTES
The following description of the particular terms of the Notes offered hereby (referred to in the
accompanying prospectus as the "Securities") supplements, and to the extent, if any, inconsistent therewith
replaces, the description of the general terms and provisions to the Securities set forth in the accompanying
prospectus to which description reference is hereby made. Such descriptions do not purport to be complete
and are qualified in their entirety by reference to the Fiscal Agency Agreement and to the form of Global
Notes filed by the EIB with the Commission.
General
The 2.15% Notes due 2027, offered hereby (the "Notes") will be issued under a Fiscal Agency
Agreement dated as of January 24, 2001 (the "Fiscal Agency Agreement", as described in the accompanying
prospectus), between the EIB and Citibank, N.A., as Fiscal Agent (the "Fiscal Agent"). Interest will be paid
on the Notes at the rate set forth on the cover page of this prospectus supplement and will be payable semi-
annually in arrears in two equal payments on January 18 and July 18 of each year (each, an "Interest Payment
Date"), with the initial payment on July 18, 2007, to the holders of such Notes as at the close of business on
the 10th calendar day immediately preceding such Interest Payment Date (the "Record Date"). The Record
Date may be changed by agreement among EIB, the Fiscal Agent and all applicable securities clearing
systems. The Notes will bear interest from January 18, 2007. Whenever it is necessary to compute any
amount of accrued interest in respect of the Notes for a period of less than one full year, other than in respect
of regular semi-annual interest payments, interest will be calculated on the basis of the actual number of days
in the period and a year of 365 days unadjusted. The Notes are not subject to any sinking fund or to
redemption prior to maturity. Registration or transfer of Notes will be effected without charge to the holders
thereof.
If an Interest Payment Date or the maturity date is a day on which banking institutions are authorized or
obligated by law to close in London, Tokyo, New York or in a place of payment, then payment of principal
or interest need not be made on that Interest Payment Date or the maturity date. The EIB may make the
required payment on the next succeeding day that is not a day on which banking institutions are authorized or
obligated by law to close in London, Tokyo, New York or in the place of payment. The payment will be
made with the same force and effect as if made on the Interest Payment Date or maturity date and no
additional interest shall accrue for the period from the Interest Payment Date or maturity date to the date of
actual payment.

Payment of the principal of and interest on the Notes made at the offices of the Fiscal Agent and any
paying agent (a "Paying Agent") shall be subject in all cases to any fiscal or other laws and regulations
applicable thereto. Consequently, neither the EIB nor any Paying Agent will make any additional payment in
the event of a withholding tax being required in respect of any payment under or in connection with the
Notes. Neither the EIB nor any Paying Agent shall be liable to any holders of the Notes or other person for
commissions, costs, losses or expenses in relation to or resulting from such payments. In addition to the
Notes, the EIB may issue from time to time other series of Securities under the Fiscal Agency Agreement
consisting of notes, bonds, debentures or other unsecured evidences of indebtedness.
The Fiscal Agent will be responsible for:
S-7

· maintaining a record of the aggregate holdings of all outstanding Notes evidenced by the DTC
Global Note and the European Global Note;
· registering transfers between DTC, on the one hand, and Euroclear or Clearstream, Luxembourg, on
the other hand;
· ensuring that payments of principal and interest in respect of the Notes received by the Fiscal Agent
from the EIB are duly credited to the holders of the Notes;
· transmitting to the EIB any notices from the holders of the Notes;
· maintaining and promptly updating the respective Schedules to the DTC Global Note and the
European Global Note; and
· ensuring that the sum of the respective aggregate principal amount shown by the latest entry in the
respective Schedules to the DTC Global Note and the European Global Note does not exceed at any
one time ¥50,000,000,000.
The Notes shall be governed by, and interpreted in accordance with, the laws of the State of New York,
except with respect to authorization and execution by the EIB which shall be governed by the Statute of the
EIB (the "Statute") set forth in the Protocol annexed to the Treaty of Rome of March 25, 1957 establishing
the European Economic Community, as amended and supplemented from time to time (the "Treaty").
Payment of Principal and Interest
The principal of and interest on the Notes will be paid in Japanese yen. The EIB may change or
terminate the designation of paying agents from time to time. Payments of principal and interest at such
agencies will be subject to applicable laws and regulations, including any withholding or other taxes, and will
be effected by check, or, under certain circumstances, by transfer to an existing Japanese yen account
maintained by such holder.
The EIB will redeem the Notes on January 18, 2027 at 100% of the principal amount plus accrued but
unpaid interest to date.
The Fiscal Agent is not a trustee for the holders of the Notes and does not have the same responsibilities
or duties to act for such holders as would a trustee.
The Notes will be sold in denominations of ¥100,000 and, in the case of Notes held through DTC,
integral multiples thereof. As long as the Notes are admitted to the official list of and to trading on the Bourse
de Luxembourg, the EIB will maintain a paying and transfer agent in Luxembourg.
Further Issues
The EIB may from time to time, without notice to or the consent of the holders of the Notes, create and
issue further notes ranking pari passu with the Notes in all respects (or in all respects except for the payment
of interest accruing prior to the issue date of such further notes or except for the first payment of interest
following the issue date of such further notes) and such further notes shall be consolidated and form a single
series with the Notes and shall have the same terms as to status, redemption or otherwise as the Notes.
Notices
All notices will be published in English in London in the Financial Times, in New York in The Wall
Street Journal (Eastern Edition) and, so long as any of the Notes are listed on the Luxembourg Stock
S-8

Exchange and the rules of that Exchange so require, on the website of the Luxembourg Stock Exchange at
http://www.bourse.lu. If at any time publication in any such newspaper is not practicable, notices will be
valid if published in an English language newspaper with general circulation in the respective market regions
as determined by the EIB. Any such notice shall be deemed to have been given on the date of such
publication or, if published more than once on different dates, on the first date on which publication is made.
Regarding the 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.
BOOK-ENTRY SYSTEM
The Notes will be represented by the DTC Global Note and the European Global Note. Both the DTC
Global Note and the European Global Note will be deposited, until all obligations of the EIB under the Notes
are satisfied, with the Note Depositary for DTC, Euroclear Bank S.A./N.V. (the "Euroclear Operator" or
"Euroclear") and Clearstream Banking, société anonyme ("Clearstream, Luxembourg"). Beneficial interests
in the Global Notes will be represented through accounts of financial institutions acting on behalf of
beneficial owners as direct and indirect participants in DTC, Euroclear and Clearstream, Luxembourg.
Upon the issuance of the Global Notes, the EIB expects that the Euroclear Operator, Clearstream,
Luxembourg, and DTC will credit on their respective book-entry registration and transfer systems the
respective principal amounts of the Notes represented by such Global Notes to the accounts of persons that
have accounts with the Euroclear Operator, Clearstream, Luxembourg, or DTC ("participants"), as the case
may be. The accounts to be credited shall be designated by the Underwriters. Ownership of beneficial
interests in the Global Notes will be limited to participants or persons that may hold interests through
participants. The Notes will not be held in definitive form. Ownership of beneficial interests in the Global
Notes will be shown on, and the transfer of that ownership will be effected only through, records maintained
by the Euroclear Operator, Clearstream, Luxembourg, DTC and direct and indirect participants (with respect
to interests of persons other than participants). Owners of beneficial interests in a Global Note (other than
participants) will not receive written confirmation from Euroclear, Clearstream, Luxembourg, or DTC of
their purchases. Each beneficial owner who is a participant is entitled to receive upon request written
confirmation providing details of the transaction as well as periodic statements of its holdings from
Euroclear, Clearstream, Luxembourg, and DTC. Each beneficial owner who is not a participant may receive
a confirmation from the direct or indirect participant through which such beneficial owner entered into the
transaction. The laws of some states of the United States require that certain purchasers of securities take
physical delivery of such securities in definitive form. Such limits and such laws may impair the ability to
own, transfer or pledge beneficial interests in the Global Notes.
Any payment of principal or interest due on the Notes on any interest payment date or at maturity will be
made available by the EIB to the Fiscal Agent or any Paying Agent on or before such date. On the respective
payment date, the Fiscal Agent and/or any Paying Agent will make such payments to the Euroclear Operator,
Clearstream, Luxembourg, and DTC or its nominee, as the case may be, in accordance with arrangements
between the Fiscal Agent and/or any Paying Agent and the Euroclear Operator, Clearstream, Luxembourg,
and DTC or its nominee. Euroclear, Clearstream, Luxembourg, and DTC or its nominee, upon receipt of any
payment of principal or interest, will credit participants' accounts with payments in amounts proportionate to
their respective beneficial interests in the principal amount of the Global Notes as shown on the records of
the Euroclear Operator, Clearstream, Luxembourg, and DTC or its nominee. Payments by direct and indirect
participants to owners of beneficial interests in the Global Notes held through such direct and indirect
participants will be governed by standing instructions and customary practices, as is now the case with
securities held for the accounts of customers in bearer form or registered in "street name", and will be the
responsibility of such participants. Neither the EIB nor the Fiscal Agent nor any Paying Agent will have any
S-9

responsibility or liability for any aspect of the records relating to or payments made on account of beneficial
ownership interests in the Global Note or for maintaining, supervising or reviewing any records relating to
such beneficial ownership interests.
So long as a depositary, or its nominee, is the registered owner or holder, as the case may be, of a Global
Note, such depositary or such nominee, as the case may be, will be considered the sole owner and holder of
the Notes represented by the Global Notes for all purposes of the Notes. Owners of beneficial interests in the
Global Notes will not be entitled to have the Notes represented by the Global Notes registered in their names
and will not receive or be entitled to receive physical delivery of definitive Notes in bearer form.
Accordingly, each person owning a beneficial interest in the Global Notes must rely on the procedures of
Euroclear, Clearstream, Luxembourg, and DTC and, if such person is not a participant, on the procedures of
the direct or indirect participant through which such person owns its interest, to exercise any rights of a
holder of Notes.
The Global Notes may not be transferred without the prior written consent of the EIB and except in
combination and as a whole by the Note Depositary to another custodian and common depositary for such
Global Notes or to a successor of such custodian and common depositary, provided that such subsequent
custodian and common depositary or successor, as the case may be, expressly agrees to abide by such
restrictions on transfer.
DTC has informed the EIB that: DTC is a limited-purpose trust company organized under the laws of the
State of New York, a member of the Federal Reserve System, a "clearing corporation" within the meaning of
the New York Uniform Commercial Code, and a "clearing agency" registered pursuant to the provisions of
Section 17A of the Exchange Act. DTC was created to hold securities of its participants and to facilitate the
clearance and settlement of securities transactions among its participants in such securities through electronic
book-entry changes in accounts of the participants, thereby eliminating the need for physical movement of
securities certificates. Participants include securities brokers and dealers (including some underwriters),
banks, trust companies, clearing corporations and certain other organizations, some of whom (and/or their
representatives) own DTC. Access to the DTC book-entry system is also available to others, such as banks,
brokers, dealers and trust companies that clear through or maintain a custodial relationship with a participant,
either directly or indirectly. DTC agrees with and represents to its participants that it will administer its book-
entry system in accordance with its rules and by-laws and requirements of law.
The Euroclear Operator and Clearstream, Luxembourg have informed the EIB that: the Euroclear
Operator and Clearstream, Luxembourg each hold securities for their customers and facilitate the clearance
and settlement of securities transactions by electronic book-entry transfer between their respective account
holders. The Euroclear Operator and Clearstream, Luxembourg provide various services including
safekeeping, administration, clearance and settlement of internationally traded securities and securities
lending and borrowing. The Euroclear Operator and Clearstream, Luxembourg also deal with domestic
securities markets in several countries through established depository and custodial relationships. The
Euroclear Operator and Clearstream, Luxembourg have established an electronic bridge between their two
systems across which their respective participants may settle trades with each other. The Euroclear Operator
and Clearstream, Luxembourg, are indirect participants in DTC.
The Euroclear Operator and Clearstream, Luxembourg customers are worldwide financial institutions
including underwriters, securities brokers and dealers, banks, trust companies and clearing corporations.
Indirect access to the Euroclear Operator and Clearstream, Luxembourg is available to other institutions
which clear through or maintain a custodial relationship with an account holder of either system.
The following arrangements will apply to the Notes:
Initial settlement for the Notes will be made in immediately available Japanese yen funds (i.e., for value
on the date of delivery of the Notes).
S-10