Obbligazione Euro Investment Bank 0.0875% ( XS1550273046 ) in BRL

Emittente Euro Investment Bank
Prezzo di mercato 100 BRL  ⇌ 
Paese  Lussemburgo
Codice isin  XS1550273046 ( in BRL )
Tasso d'interesse 0.0875% per anno ( pagato 1 volta l'anno)
Scadenza 23/01/2019 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione European Investment Bank XS1550273046 in BRL 0.0875%, scaduta


Importo minimo 5 000 BRL
Importo totale 200 000 000 BRL
Descrizione dettagliata 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 BRL, with the ISIN code XS1550273046, pays a coupon of 0.0875% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 23/01/2019







CONFORMED COPY
Final Terms
EUROPEAN INVESTMENT BANK
Debt Issuance Programme
Issue Number: 2268/0200
BRL 100,000,000 8.750 per cent. Bonds due 23rd January, 2019
(payable in EUR)
(to be consolidated and form a single series with the existing BRL 100,000,000 8.750 per cent. Bonds
due 23rd January, 2019 (payable in EUR) issued on 23rd January, 2017)
Issue Price: 101.423 per cent.
(plus 102 days' accrued interest from, and including, 23rd January, 2017 to, but excluding 5th May, 2017)
Citigroup
The date of these Final Terms is 3rd May, 2017.


These Final Terms, under which the bonds described herein (the Bonds) are issued, are
supplemental to, and should be read in conjunction with, the offering circular (the Offering
Circular) dated 8th December, 2014 issued in relation to the debt issuance programme of
European Investment Bank (EIB). Terms defined in the Offering Circular have the same meaning
in these Final Terms. The Bonds will be issued on the terms of these Final Terms read together
with the Offering Circular.
EIB accepts responsibility for the information contained in these Final Terms which, when read
together with the Offering Circular, contain all information that is material in the context of the
issue of the Bonds.
These Final Terms do not constitute an offer of, or an invitation by or on behalf of anyone to
subscribe or purchase any of, the Bonds.
The statements on page 8 of the Offering Circular regarding structured Bonds are drawn to the
attention of the prospective purchaser of the Bonds. Such purchaser should ensure that it
understands the nature of the terms of the Bonds and the extent of its exposure to risk, and that it
considers the suitability of the Bonds as an investment in the light of its own circumstances and
financial condition.
Unless otherwise specified or the context otherwise requires, references to Brazilian Real,
Brazilian Reais and BRL are to the lawful currency of the Federative Republic of Brazil and
references to USD are to the lawful currency of the United States of America. The Bonds are
denominated in BRL but all payments in respect of the Bonds shall be made in euro (EUR).
The EIB has monitored the developments in the United Kingdom following the referendum held
on 23rd June, 2016 and related parliamentary decisions. The U.K. government triggered Article
50 of the Treaty on European Union on 29th March, 2017, which officially commenced the
process of the U.K.'s withdrawal from E.U. membership. Until the withdrawal negotiations have
been finalised, the consequences of withdrawal on the EIB are uncertain and will vary
significantly depending on, among other factors, the terms of the withdrawal agreement as
negotiated between the U.K. and the E.U., as well as the then prevailing economic climate and
any regulatory or political uncertainty. For example, the EIB could reconsider the extent of its
activities in the U.K. and the U.K. could cease to be a shareholder of the EIB.
2
Issue Number : 2268/0200


The terms of the Bonds and additional provisions relating to their issue are as follows:
GENERAL PROVISIONS
1.
Issue Number:
2268/0200 (to be consolidated and form a single
series with the existing BRL 100,000,000 8.750
per cent. Bonds due 23rd January, 2019
(payable in EUR) issued on 23rd January, 2017
from and including the Issue Date)
2.
Security Codes:
(i)
ISIN:
XS1550273046
(ii)
Common Code:
155027304
(iii)
CUSIP:
Not Applicable
(iv)
WKN:
Not Applicable
3.
Specified Currency or Currencies:
BRL (provided that all payments will be made
in EUR)
4.
Principal Amount of Issue:
BRL 100,000,000
5.
Specified Denomination:
BRL 5,000
6.
Issue Date:
5th May, 2017
INTEREST PROVISIONS
7.
Interest Type:
Fixed Rate
(Further particulars specified below)
8.
Interest Commencement Date:
23rd January, 2017
9.
Fixed Rate Provisions:
Applicable
(i)
Interest Rate(s):
8.750 per cent. per annum
(ii)
Interest Period End Date(s):
The dates that would be Interest Payment Dates
but without adjustment for any Business Day
Convention
(iii)
Interest Payment Date(s):
23rd January in each year commencing
23rd January, 2018 up to, and including, the
Maturity Date subject in each case to adjustment
in accordance with the Business Day
Convention specified below
(iv)
Business Day Convention:
Following
3
Issue Number : 2268/0200


(v)
Interest Amount:
BRL 437.50 per BRL 5,000 in principal amount,
provided however, that the Interest Amounts
will be paid on the relevant Interest Payment
Date in EUR, such EUR amount obtained by
dividing the relevant Interest Amount in BRL by
the Reference Rate (as defined in the Annex)
(vi)
Broken Amount:
Not Applicable
(vii)
Day Count Fraction:
Actual/Actual ­ ICMA
(viii)
Business Day Centre(s):
Not Applicable
(ix)
Other terms relating to the Not Applicable
method of calculating interest
for Fixed Rate Bonds:
10.
Floating Rate Provisions:
Not Applicable
11.
Zero Coupon Provisions:
Not Applicable
12.
Index-Linked Provisions:
Not Applicable
13.
Foreign Exchange Rate Provisions:
Not Applicable
NORMAL REDEMPTION PROVISIONS
14.
Redemption Basis:
Redemption at par, subject as provided in
paragraph 15
15.
Redemption Amount:
Principal Amount, provided however, that the
Redemption Amount will be paid on the
Maturity Date in EUR, such EUR amount
obtained by dividing the Principal Amount in
BRL by the Reference Rate
16.
Maturity Date:
23rd January, 2019
17.
Business Day Convention:
Following
OPTIONS AND EARLY REDEMPTION PROVISIONS
18.
Unmatured Coupons to become void
Not Applicable
upon early redemption (Bearer Bonds
only):
19.
Issuer's Optional Redemption:
Not Applicable
20.
Bondholders' Optional Redemption:
Not Applicable
21.
Redemption Amount payable on Redemption at par, provided however, that the
redemption for an Event of Default:
Redemption Amount will be paid in EUR, such
EUR amount obtained by dividing the Principal
Amount in BRL by the Reference Rate
4
Issue Number : 2268/0200


GENERAL PROVISIONS APPLICABLE TO THE BONDS
22.
Form of Bonds:
Registered Bonds
Global Certificate registered in the name of a
nominee for a common depositary for the
relevant clearing system which is exchangeable
for Definitive Certificates in the limited
circumstances specified therein
23.
New Global Note:
No
24.
Intended to be held in a manner which No. Whilst the designation is specified as "no"
would allow Eurosystem eligibility:
at the date of these Final Terms, should the
Eurosystem eligibility criteria be amended in the
future such that the Bonds are capable of
meeting them the Bonds may then be deposited
with one of the ICSDs as common safekeeper
and registered in the name of a nominee of one
of the ICSDs acting as common safekeeper.
Note that this does not necessarily mean that the
Bonds will then be recognised as eligible
collateral for Eurosystem monetary policy and
intra-day credit operations by the Eurosystem at
any time during their life. Such recognition will
depend upon the ECB being satisfied that
Eurosystem eligibility criteria have been met.
25.
Details relating to Partly Paid Bonds:
Not Applicable
26.
Details relating to Instalment Bonds:
Not Applicable
27.
Redenomination, renominalisation and Not Applicable
reconventioning provisions:
28.
Consolidation provisions:
Not Applicable
29.
Business Day Centre(s):
Brazil (as defined in the Annex), London,
Luxembourg, New York and TARGET
30.
Other terms or special conditions:
Not Applicable
DISTRIBUTION PROVISIONS
31.
Method of distribution:
Non-Syndicated
(i)
If syndicated, names of Not Applicable
Managers:
5
Issue Number : 2268/0200


(ii)
If non-syndicated, name of Citigroup Global Markets Limited
Relevant Dealer:
(iii)
Stabilising manager(s) (if Not Applicable
any):
(iv)
Commission(s):
A combined management and underwriting
commission of 0.275 per cent. of the Principal
Amount of the Bonds being issued
OPERATIONAL INFORMATION AND LISTING
32.
Any clearing system(s) other than Not Applicable
Euroclear
Bank
S.A./N.V.
(Euroclear) or Clearstream Banking
S.A. (Clearstream, Luxembourg)
and
the
relevant
identification
number(s):
33.
Agents appointed in respect of the Fiscal Agent, principal Paying Agent,
Bonds:
Registrar, Exchange Agent and Transfer
Agent
Citibank, N.A., London Branch
13th Floor, Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB
Paying Agent and Listing Agent
Banque Internationale à Luxembourg S.A.
69, route d'Esch
L-2953 Luxembourg
Calculation Agent
Citibank, N.A., New York
399 Park Ave.
New York, NY 10022
34.
Listing:
Luxembourg
35.
Governing law:
English
EUROPEAN INVESTMENT BANK:
By: CARLOS FERREIRA DA SILVA
By: PATRICIA NEYSES
6
Issue Number : 2268/0200


ANNEX
BRL Valuation Date means, for any Interest Payment Date or the Maturity Date or date on
which an amount is payable in accordance with paragraph 21 of these Final Terms, as applicable,
the fifth Valuation Business Day prior to such date, provided however that if such date is an
Unscheduled Holiday, the BRL Valuation Date shall be the next following Valuation Business
Day provided, however, that if the next day is also an Unscheduled Holiday, the Reference Rate
will be determined by the Calculation Agent on such day in its sole discretion acting in good faith
in a commercially reasonable manner having taken into account relevant market practice and by
reference to such additional sources as it deems appropriate.
Valuation Business Day means a day (other than a Saturday or a Sunday) on which the banks
and foreign exchange markets are open for general business (including dealings in foreign
exchange and foreign currency deposits) in each of Brazil, London, Luxembourg, New York and
TARGET.
Unscheduled Holiday means any day that is not a Brazil Business Day and the market was not
aware of such fact (by means of a public announcement or by reference to other publicly available
information) until a time later than 9:00 a.m. local time in São Paulo two Brazil Business Days
prior to the relevant BRL Valuation Date.
Reference Rate with respect to an Interest Payment Date or the Maturity Date or a date on which
an amount is payable in accordance with paragraph 21 of these Final Terms, will be the product
rounded to five decimal places (0.000005 being rounded up) of the applicable BRL Rate and the
applicable USD/EUR Rate, as determined on the relevant BRL Valuation Date.
(i)
Provisions relating to the BRL Rate
BRL Rate means, in respect of a BRL Valuation Date, the BRL/USD exchange rate, expressed as
the amount of BRL per one USD:
(a)
determined by the Calculation Agent for the relevant BRL Valuation Date by reference to
the applicable BRL-PTAX Rate; or
(b)
in the event that the BRL-PTAX Rate is not available for the applicable BRL Valuation
Date, determined by the Calculation Agent for the relevant BRL Valuation Date by
reference to the applicable EMTA BRL Industry Survey Rate (if such rate is available); or
(c)
in the event that both the BRL-PTAX Rate and the EMTA BRL Industry Survey Rate are
not available for the applicable BRL Valuation Date, determined by the Calculation Agent
for the relevant BRL Valuation Date in good faith and in a commercially reasonable
manner, having taken into account relevant market practice,
provided that:
(i)
if, for the applicable BRL Valuation Date, the Calculation Agent determines that a Price
Materiality has occurred for such BRL Valuation Date, the BRL Rate will be the EMTA
BRL Industry Survey Rate applicable in respect of such BRL Valuation Date; and
(ii)
if, for the applicable BRL Valuation Date, the Calculation Agent determines that an
EMTA Failure has occurred for such BRL Valuation Date, the BRL Rate will be
determined by the Calculation Agent in good faith and in a commercially reasonable
manner, having taken into account relevant market practice.
7
Issue Number : 2268/0200


BRL-PTAX Rate means, in respect of a BRL Valuation Date, the BRL/USD offered rate for
USD, expressed as the amount of BRL per one USD, for settlement in two New York and Brazil
Business Days reported by the Banco Central do Brasil on the following platforms by
approximately 1:15 p.m. São Paulo time on such BRL Valuation Date:
1.
www.bcb.gov.br; see "Cotações e boletins"; or
2.
Bloomberg page <BRL PTAX Curncy>; or
3.
Reuters page <BRLPTAX=CBBR>
EMTA BRL Industry Survey Rate means the foreign exchange rate as specified in the ISDA
1998 FX and Currency Option Definitions (as updated from time to time) ­ Settlement Rate
Options: "EMTA BRL Industry Survey Rate (BRL12)", meaning that the spot rate for a BRL
Valuation Date will be the BRL/USD offered rate for USD, expressed as the amount of BRL per
one USD, for settlement in two New York and Brazil Business Days, calculated by EMTA (or a
service provider EMTA may in its sole discretion select) pursuant to the EMTA BRL Industry
Survey Methodology and published on EMTA's website (www.emta.org) at approximately
3:45 p.m. São Paulo time or as soon thereafter as practicable on such BRL Valuation Date.
EMTA BRL Industry Survey Methodology means a methodology, dated as of 1st March, 2004,
as amended from time to time, for a centralised industry-wide survey of financial institutions in
Brazil that are active participants in the BRL/USD spot markets for the purposes of determining
the EMTA BRL Industry Survey Rate.
Price Materiality means, in respect of a BRL Valuation Date, that the EMTA BRL Industry
Survey Rate is available on such date and that the BRL-PTAX Rate differs from the EMTA BRL
Industry Survey Rate by more than 3 per cent.
EMTA Failure means, in respect of a BRL Valuation Date, that the EMTA BRL Industry Survey
Rate, having been requested as prescribed by EMTA, is not available for any reason. For the
avoidance of doubt, an EMTA Failure may still occur notwithstanding that the BRL-PTAX Rate
is available on the applicable BRL Valuation Date.
Brazil Business Day means a day on which commercial banks and foreign exchange markets
settle payments and are open for general business (including dealing in foreign exchange and
foreign currency deposits) in either one of São Paulo, Rio de Janeiro or Brasilia and is not
otherwise declared a financial market holiday by BM&FBOVESPA.
(ii)
Provisions relating to the USD/EUR Rate
USD/EUR Rate means, in respect of a BRL Valuation Date, the USD/EUR spot rate, expressed
as the amount of USD per one EUR for settlement in two New York and TARGET Business Days
calculated by WM Company which appears on Bloomberg Screen WMCO under the caption
"MID" at 4:00 p.m. London time for such BRL Valuation Date; provided that if for the relevant
BRL Valuation Date no such rate is displayed on such Bloomberg Screen (or any replacement or
successor page) or if such rate as displayed is, as determined by the Calculation Agent in its sole
discretion, acting in good faith and in a commercially reasonable manner, taking into account
relevant market practice, manifestly erroneous, the USD/EUR Rate will equal the arithmetic
mean, as determined by the Calculation Agent, of the firm quotes of exchange rates for
conversion of EUR into USD determined by at least five independent leading dealers in the
USD/EUR spot FX market, selected by the Calculation Agent (the Reference Dealers) in its sole
discretion, acting in good faith and in a commercially reasonable manner, taking into account
relevant market practice; provided further that if (i) the difference between the highest and the
lowest of such firm quotes of exchange rates determined by the Reference Dealers on such date is
8
Issue Number : 2268/0200


greater than 1 per cent. or (ii) the Calculation Agent is unable to obtain five such quotes from the
Reference Dealers on such date for any reason, the USD/EUR Rate shall be the exchange rate as
determined by the Calculation Agent in its sole discretion, acting in good faith and in a
commercially reasonable manner, taking into account relevant market practice and any
information deemed relevant, on such day.
For the avoidance of doubt, the product of the BRL Rate and the USD/EUR Rate may be
such that the resulting EUR amount is zero and in such event no BRL or EUR amount will
be payable.
9
Issue Number : 2268/0200


BRL and USD Rates
The BRL/USD exchange rate derived from Bloomberg, using the price history function for
BZFXPTAX <Index> and taking the offer rate listed on 2nd May, 2017, was 3.17240. The
USD/EUR exchange rate derived from WM Company which appears on Bloomberg Screen
WMCO taking the mid rate listed on 2nd May, 2017 was 1.09015. The product of this BRL/USD
exchange rate and this USD/EUR exchange rate is 3.45839.
The BRL/USD exchange rates as shown in the table below are derived from Bloomberg using the
price history function for BZFXPTAX <Index> and taking the offer rate listed on the last Brazil,
London, Luxembourg, New York and TARGET Business Day of each month in the relevant year.
The USD/EUR exchange rates as shown in the table below are derived from WM Company which
appears on Bloomberg Screen WMCO taking the mid rate listed on the last Brazil, London,
Luxembourg, New York and TARGET Business Day of each month in the relevant year.
Product of the
BRL/USD
Exchange Rate
and the
BRL/USD
USD/EUR
USD/EUR
Date
Exchange Rate
Exchange Rate
Exchange Rate
28th April, 2017
3.19840
1.08895
3.48290
31st March, 2017
3.16840
1.06955
3.38876
28th February, 2017
3.09930
1.06260
3.29332
31st January, 2017
3.12700
1.08070
3.37935
30th December, 2016
3.25910
1.05475
3.43754
30th November, 2016
3.39670
1.06080
3.60322
30th September, 2016
3.24620
1.12380
3.64808
30th June, 2016
3.20980
1.11095
3.56593
31st March, 2016
3.55890
1.13955
4.05554
31st December, 2015
3.90480
1.08630
4.24178
30th September, 2015
3.97290
1.11625
4.43475
30th June, 2015
3.10260
1.11420
3.45692
31st March, 2015
3.20800
1.07400
3.44539
31st December, 2014
2.65620
1.21005
3.21413
30th September, 2014
2.45100
1.26325
3.09623
30th June, 2014
2.20250
1.36915
3.01555
31st March, 2014
2.26300
1.37825
3.11898
10
Issue Number : 2268/0200