Obbligazione Euro Investment Bank 5.75% ( XS1757690992 ) in IDR

Emittente Euro Investment Bank
Prezzo di mercato 100 IDR  ▲ 
Paese  Lussemburgo
Codice isin  XS1757690992 ( in IDR )
Tasso d'interesse 5.75% per anno ( pagato 1 volta l'anno)
Scadenza 24/01/2025 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione European Investment Bank XS1757690992 in IDR 5.75%, scaduta


Importo minimo 10 000 000 IDR
Importo totale 2 110 000 000 000 IDR
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 IDR, with the ISIN code XS1757690992, pays a coupon of 5.75% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 24/01/2025







CONFORMED COPY

Final Terms
EUROPEAN INVESTMENT BANK
Debt Issuance Programme


Issue Number: 2326/0500


IDR 230,000,000,000 5.750 per cent. Bonds due 24th January, 2025
(payable in USD)
(to be consolidated and form a single series with the existing IDR 1,520,000,000,000 5.750 per cent.
Bonds due 24th January, 2025 (payable in USD) issued in four tranches on 24th January, 2018,
10th July, 2019, 13th October, 2020 and 25th January, 2021)





Issue Price: 105.443 per cent.
(plus 25 days' accrued interest from, and including, 24th January, 2021 to, but excluding,
18th February, 2021)






TD Securities



The date of these Final Terms is 16th February, 2021.









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 Indonesian Rupiah,
and IDR are to the lawful currency of the Republic of Indonesia and references to USD are to the
lawful currency of the United States of America.
The Bonds are denominated in IDR but all payments in respect of the Bonds shall be made in
USD.
WITH RESPECT TO BONDS OFFERED AND SOLD IN RELIANCE ON RULE 144A
UNDER THE SECURITIES ACT OF 1933 AS AMENDED (THE SECURITIES ACT), THE
BONDS HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES
ACT OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR
OTHER JURISDICTION OF THE UNITED STATES AND MAY NOT BE OFFERED, SOLD,
PLEDGED OR OTHERWISE TRANSFERRED, AND THE HOLDER OF THE BOND
AGREES FOR THE BENEFIT OF THE EUROPEAN INVESTMENT BANK THAT (A) SUCH
BOND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED,
EXCEPT (1) IN ACCORDANCE WITH RULE 144A UNDER THE SECURITIES ACT TO A
PERSON THAT THE HOLDER AND ANY PERSON ACTING ON ITS BEHALF
REASONABLY BELIEVE IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A PURCHASING FOR ITS OWN ACCOUNT OR FOR THE
ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER, (2) IN AN OFFSHORE
TRANSACTION IN ACCORDANCE WITH RULE 903 OR RULE 904 OF REGULATION S
UNDER THE SECURITIES ACT OR (3) PURSUANT TO ANY OTHER AVAILABLE
EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT, IN EACH CASE IN
ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE
UNITED STATES AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS
REQUIRED TO, NOTIFY ANY PURCHASER OF SUCH BOND FROM IT OF THE RESALE
RESTRICTIONS REFERRED TO IN (A) ABOVE. NO REPRESENTATION CAN BE MADE
BY THE EUROPEAN INVESTMENT BANK AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT FOR RESALES
OF THE BONDS.
Issue Number: 2326/0500

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UNTIL 40 DAYS AFTER THE LATER OF (I) THE COMMENCEMENT OF THIS OFFERING
AND (II) THE ISSUE DATE OF THE BONDS, AN OFFER OR SALE OF BONDS WITHIN
THE UNITED STATES BY A DEALER (WHETHER OR NOT PARTICIPATING IN THE
OFFERING) MAY VIOLATE THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT IF SUCH OFFER OR SALE IS MADE OTHERWISE THAN IN
ACCORDANCE WITH RULE 144A UNDER THE SECURITIES ACT.

In response to the COVID-19 pandemic, the EIB and the European Investment Fund (the EIF and
together, the EIB Group) continue to work on a variety of supportive measures and programmes
to help counter and alleviate the effects of the COVID-19 pandemic both within the European
Union (the EU) and outside of the EU's borders. In the health sector, the supportive measures and
programmes mainly focus on immediate health-related emergencies, the development of a cure
and of a vaccine and various solutions to help contain the spread of the virus. In the economic
sphere, the focus of supportive measures and programmes is on the multiple economic challenges
caused by the COVID-19 pandemic, which are having a profound impact on businesses and the
economy as a whole.

As part of its response to the economic effects of the COVID-19 pandemic, the EIB has decided
to make a number of supportive measures available to its clients in certain circumstances, which
include, among other things, (i) the temporary easing (including waivers) of financial covenants
and other key clauses, (ii) the re-profiling of cash flows by setting new repayment schedules or
the temporary standstill of repayment obligations, and (iii) certain other complementary
supportive measures, such as the signing of new contracts, accelerating loan disbursements and
increasing amounts lent to borrowers. The EIB is assessing requests for such measures on a case-
by-case basis within the limits of certain specific conditions. These measures are intended to be
extended to clients who are temporarily affected by the economic effects of the COVID-19
pandemic but who are not experiencing any structural financial difficulties or solvency issues and
are considered to be a going concern at the time of granting such measures. If, as a result of the
assessment, a client does not meet these requirements or the EIB identifies risks for the long-term
sustainability of the client's business model, it will consider any other appropriate measures and, if
necessary, follow the EIB's standard restructuring processes.

Furthermore, to enable the EIB Group to scale up its response to the economic effects of the
COVID-19 pandemic, on 26th May, 2020, the EIB's Board of Directors approved the creation of
the ''Pan-European Guarantee Fund in response to COVID-19'' (the Guarantee Fund), a
temporary guarantee fund with a focus on supporting financing for SMEs. Each EU Member State
is eligible to participate in the Guarantee Fund with a contribution, pro rata to its share in the
EIB's subscribed capital, taking the form of an irrevocable, unconditional and first demand
guarantee, which will cover any potential losses and related costs, incurred in the implementation
of operations supported by the Guarantee Fund, in an amount not to exceed the level of its
participation in the Guarantee Fund. Contributions from EU institutions or institutions created by
EU Member States are also eligible. The Guarantee Fund has a targeted amount of EUR 25 billion
in the event that all EU Member States participate. The Guarantee Fund was formally established
on 24th August, 2020. As of 11th December, 2020, EU Member States accounting for
approximately 97 per cent. of the EIB's subscribed capital are participating in the Guarantee Fund.

Both the EIB and the EIF will execute transactions in connection with the Guarantee Fund, which
are expected to focus on high risk operations. As part of the structure of the Guarantee Fund, the
EIB will make available uncollateralised liquidity credit facilities to each of the participating EU
Member States, which will be used solely for the temporary financing of payments owed to the
EIB pursuant to the first demand guarantee in the event that funds to cover such payments are not
Issue Number: 2326/0500

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available from other finance sources of those EU Member States under the structure of the
Guarantee Fund. The EIB will also provide funding for certain operations of the Guarantee Fund.
The Guarantee Fund is temporary in nature and operations may be submitted for approval until
31st December, 2021, which deadline could be extended by six months if at least 50 per cent. of
the contributors representing 80 per cent. of the contributions consent. Any further prolongation
would be subject to the unanimous agreement of all contributors.

Despite the general context of uncertainty in the global financial markets due to the COVID-19
pandemic, the EIB Group currently continues to maintain a robust liquidity position and
flexibility to access the necessary liquidity resources mainly as a result of its prudent approach to
liquidity management. Moreover, in general, the quality of the EIB's loan portfolio currently
remains high as it relies on a risk management strategy based on adequate levels of security and
guarantees, as well as standard protective clauses included in its loan agreements. While it is
difficult at this stage to quantify the ultimate impact of the economic effects of the COVID-19
pandemic on the EIB, certain value adjustments and impairments for potential losses in respect of
the EIB's loan portfolio have been reflected, as applicable, in the unaudited condensed semi-
annual consolidated financial statements of the EIB Group under IFRS as of 30th June, 2020 and
for the six-month period then ended, the unaudited condensed semi-annual consolidated financial
statements of the EIB Group under EU Accounting Directives as of 30th June, 2020 and for the
six-month period then ended, and the unaudited condensed semi-annual financial statements of
the EIB under EU Accounting Directives as of 30th June, 2020 and for the six-month period then
ended, which have been published on the EIB's website. The EIB Group continues to monitor the
situation closely, including the impact of the COVID-19 pandemic on its loan portfolio. In the
context of national, EU and international measures taken in response to the COVID-19 pandemic,
the EIB Group may also consider and implement additional or increased supportive measures and
programmes.
The EIB does not fall under the scope of application of the MiFID II package. Consequently, the
EIB does not qualify as an "investment firm", "manufacturer" or "distributor" for the purposes of
MiFID II.
Solely for the purposes of the manufacturer's product approval process, the target market
assessment in respect of the Bonds has led to the conclusion that: (i) the target market for the
Bonds is eligible counterparties, professional clients and retail clients, each as defined in MiFID
II; and (ii) all channels for distribution of the Bonds are appropriate, subject to the distributor's
suitability and appropriateness obligations under MiFID II, as applicable. Any person
subsequently offering, selling or recommending the Bonds (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 Bonds
(by either adopting or refining the manufacturer's target market assessment) and determining
appropriate distribution channels, subject to the distributor's suitability and appropriateness
obligations under MiFID II, as applicable.
For the purposes of this provision, the expression manufacturer means the Relevant Dealer and
the expression MiFID II means Directive 2014/65/EU, as amended.
Issue Number: 2326/0500

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The terms of the Bonds and additional provisions relating to their issue are as follows:

GENERAL PROVISIONS
1.
Issue Number:
2326/0500 (to be consolidated and form a
single
series
with
the
existing
IDR 1,520,000,000,000 5.750 per cent. Bonds
due 24th January, 2025 (payable in USD)
issued in four tranches on 24th January, 2018,
10th July, 2019, 13th October, 2020 and
25th January, 2021 from and including the
Issue Date)
2.
Security Codes:

(i)
ISIN:
XS1757690992 (where represented by an
Unrestricted Global Certificate)
US29878TCZ57 (where represented by a
Restricted Global Certificate)
(ii)
Common Code:
175769099 (where represented by an
Unrestricted Global Certificate)
175770992 (where represented by a Restricted
Global Certificate)
(iii)
CUSIP:
29878TCZ5 (where represented by a
Restricted Global Certificate for DTC
eligibility)
3.
Specified Currency or Currencies:
IDR (provided that all payments will be made
in USD)
4.
Principal Amount of Issue:
IDR 230,000,000,000
5.
Specified Denomination:
IDR 10,000,000
6.
Issue Date:
18th February, 2021
INTEREST PROVISIONS
7.
Interest Type:
Fixed Rate

(Further particulars specified below)
8.
Interest Commencement Date:
24th January, 2021
9.
Fixed Rate Provisions:
Applicable
Issue Number: 2326/0500

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(i)
Interest Rate(s):
5.750 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 and without adjustment
pursuant to the provisions set out in the Annex

(iii)
Interest Payment Date(s):
24th January in each year commencing
24th January, 2022, up to, and including, the
Maturity Date subject in each case to
adjustment in accordance with the Business
Day Convention specified below and the
provisions set out in the Annex

(iv)
Business Day Convention:
Following

(v)
Interest Amount:
IDR 575,000 per Specified Denomination,
provided however, that the Interest Amount
per Specified Denomination will be paid on
the relevant Interest Payment Date in USD,
such USD amount obtained by dividing IDR
575,000 by the applicable Reference Rate (as
defined in the Annex) and rounded to the
nearest cent with one half of one cent rounded
up

(vi)
Broken Amount:
Not Applicable

(vii)
Day Count Fraction:
Actual/Actual ­ ICMA

(viii) Business Day Centre(s):
Jakarta, London, New York and Singapore
(ix)
Other terms relating to the method Not Applicable
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
Issue Number: 2326/0500

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15.
Redemption Amount:
IDR 10,000,000 per Specified Denomination,
provided however, that the Redemption
Amount per Specified Denomination will be
paid on the Maturity Date in USD, such USD
amount obtained by dividing IDR 10,000,000
per Specified Denomination by the applicable
Reference Rate and rounded to the nearest cent
with one half of one cent rounded up
16.
Maturity Date:
24th January, 2025 subject to adjustment in
accordance with the provisions set out in the
Annex
17.
Business Day Convention:
Following
OPTIONS AND EARLY REDEMPTION PROVISIONS
18.
Unmatured Coupons to become void upon
Not Applicable
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; IDR 10,000,000 per
redemption for an Event of Default:
Specified Denomination, provided however,
that the Redemption Amount per Specified
Denomination will be paid in USD, such USD
amount obtained by dividing IDR 10,000,000
per Specified Denomination by the applicable
Reference Rate and rounded to the nearest cent
with one half of one cent rounded up
GENERAL PROVISIONS APPLICABLE TO THE BONDS
22.
Form of Bonds:
Registered Bonds

Restricted Global Certificate and Unrestricted
Global Certificate each of which is
exchangeable for Definitive Certificates in the
limited circumstances specified therein
23.
New Global Note:
No
Issue Number: 2326/0500

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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 a
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 Centres:
Jakarta, London, New York and Singapore
30.
Other terms or special conditions:
Not Applicable
DISTRIBUTION PROVISIONS
31.
Method of distribution:
Non-Syndicated

(i)
If syndicated, names of Managers:
Not Applicable
(ii)
If
non-syndicated,
name
of TD Global Finance unlimited company
Relevant Dealer:
(iii)
Stabilising manager (if any):
Not Applicable
(iv)
Commission:
Combined management and underwriting
commission of 0.250 per cent. of the Principal
Amount of the Bonds being issued and selling
commission of 1.400 per cent. of the Principal
Amount of the Bonds being issued
Issue Number: 2326/0500

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OPERATIONAL INFORMATION AND LISTING
32.
Any clearing system(s) other than The Depositary Trust Corporation (DTC)
Euroclear Bank SA/NV (Euroclear) or CUSIP: 29878TCZ5
Clearstream Banking S.A. (Clearstream,
Luxembourg)
and
the
relevant
identification number(s):
33.
Agents appointed in respect of the Bonds:
Fiscal Agent, principal Paying Agent,
Registrar, Transfer Agent and Exchange
Agent
Citibank, N.A., London Branch
13th Floor, Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB

Paying Agent, Listing Agent and Transfer
Agent
Banque Internationale à Luxembourg S.A.
69, route d'Esch
L-2953 Luxembourg

Calculation Agent
The Toronto-Dominion Bank
60 Threadneedle Street
London EC2R 8AP
34.
Listing:
Luxembourg
35.
Governing law:
English
EUROPEAN INVESTMENT BANK:
By: NATHALIE DE WEERT

By: JENNIFER WENNER
Issue Number: 2326/0500

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ANNEX
The Interest Amount, the Redemption Amount and the amount payable in accordance with
paragraph 21 of these Final Terms shall be payable in USD and determined by the Calculation
Agent on the relevant Rate Fixing Date by reference to the Reference Rate where such Reference
Rate means:
(i)
the IDR Rate determined by the Calculation Agent on the Scheduled Rate Fixing Date; or
(ii)
in the event that a Price Source Disruption Event occurs or otherwise subsists on the
Scheduled Rate Fixing Date, the Reference Rate shall be (a) the IDR Rate determined by
the Calculation Agent on the Adjusted Rate Fixing Date, or if such rate is unavailable,
(b) the average of firm quotes (expressed as the amount of IDR per one USD) from four
Reference Dealers as the Calculation Agent is able to obtain for the sale of IDR and the
purchase of USD at or about 11:00 a.m. Jakarta time on the Adjusted Rate Fixing Date for
settlement two Fixing Business Days thereafter, provided, however that if fewer than four
(but at least two) Reference Dealers provide such firm quote then the average of the
quotes actually obtained shall apply, and if only one or none of the Reference Dealers
provides such a firm quote, the Reference Rate will be determined by the Calculation
Agent in its sole discretion, acting in good faith and in a commercially reasonable
manner.
Following the occurrence of a Price Source Disruption Event, the applicable Interest Payment
Date, Maturity Date or date on which the amount is payable in accordance with paragraph 21 of
these Final Terms shall be postponed to the earlier of:
(i)
the date falling five Business Days after the day on which EIB is notified by the
Calculation Agent that the Price Source Disruption Event no longer subsists; and
(ii)
the tenth Business Day following the originally scheduled Interest Payment Date,
Maturity Date or date on which the amount is payable in accordance with paragraph 21 of
these Final Terms, as the case may be.
Where:
Adjusted Rate Fixing Date means, with respect to any Scheduled Rate Fixing Date on which a
Price Source Disruption Event occurs, the earlier of (i) the Business Day on which EIB is notified
by the Calculation Agent that such Price Source Disruption Event no longer subsists and (ii) the
tenth Fixing Business Day following such Scheduled Rate Fixing Date.
Business Day means any day on which commercial banks and foreign exchange markets settle
payments and are open for general business (including dealings in foreign exchange and foreign
currency deposits) in London, New York, Jakarta and Singapore, or any successor thereto.
Fixing Business Day means any day on which commercial banks and foreign exchange markets
settle payments and are open for general business (including dealings in foreign exchange and
foreign currency deposits) in Jakarta.
IDR Rate means the spot rate for a Rate Fixing Date will be the IDR/USD weighted average spot
rate in the interbank market based on traded IDR/USD spot foreign exchange transactions during
a specified time period which are captured on a real time basis, expressed as the amount of IDR
Issue Number: 2326/0500

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