Obbligazione European Development Council Bank 0.125% ( XS1825405878 ) in EUR

Emittente European Development Council Bank
Prezzo di mercato 100 EUR  ⇌ 
Paese  Francia
Codice isin  XS1825405878 ( in EUR )
Tasso d'interesse 0.125% per anno ( pagato 1 volta l'anno)
Scadenza 25/05/2023 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Council of Europe Development Bank XS1825405878 in EUR 0.125%, scaduta


Importo minimo 1 000 EUR
Importo totale 1 350 000 000 EUR
Descrizione dettagliata La Banca di Sviluppo del Consiglio d'Europa (CEB) è un'istituzione finanziaria internazionale che finanzia progetti di sviluppo in Europa e nei paesi limitrofi, focalizzandosi su infrastrutture, ambiente ed energia sostenibile.

The Obbligazione issued by European Development Council Bank ( France ) , in EUR, with the ISIN code XS1825405878, pays a coupon of 0.125% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 25/05/2023








MiFID II investment firms' product governance /Eligible counterparties, professional
investors and retail investors target market ­ Solely for the purposes of each manufacturer's
(which term excludes the Issuer) product approval process, the target market assessment in
respect of the Notes taking into account the five categories referred to in item 18 of the
Guidelines published by the European Securities and Markets Authority on 5 February 2018
has led to the conclusion that: (i) the target market for the Notes is eligible counterparties,
professional clients and (in jurisdictions where the applicable selling restrictions in the Offering
Circular allow this) retail clients, each as defined in Directive 2014/65/EU (as amended,
"MiFID II") and (ii) all channels for distribution of the Notes are appropriate. Any person
subsequently offering, selling or recommending the Notes (a "Distributor") should take into
consideration the manufacturers' target market assessment; however, a Distributor subject to
MiFID II is responsible for undertaking its own target market assessment in respect of the
Notes (by either adopting or refining the manufacturers' target market assessment) and for
determining appropriate distribution channels.
Date: 24 January 2020
Pricing Supplement
Series No.: 409
Tranche No.: 3
Council of Europe Development Bank
Legal Entity Identifier (LEI): 549300UYNXMI821WYG82
EUR 25,000,000,000
EURO MEDIUM TERM NOTE PROGRAMME
Issue of EUR 100,000,000 0.125 per cent. Notes due 25 May 2023 (the "Notes")

(to be consolidated and form a single series with the Issuer's outstanding
EUR 1,000,000,000 0.125 per cent. Notes due 25 May 2023, issued on 25 May 2018 and
EUR 250,000,000 0.125 per cent. Notes due 25 May 2023, issued on 22 January 2019
(the "Original Notes"))

This document constitutes the Pricing Supplement relating to the issue of Notes described
herein. Terms used herein shall be deemed to be defined as such for the purposes of the Terms
and Conditions (the "Conditions") set forth in the Offering Circular dated 15 November 2016.
This Pricing Supplement contains the final terms of the Notes and must be read in conjunction
with the Offering Circular dated 12 December 2018, save in respect of the Conditions which
are extracted from the Offering Circular dated 15 November 2016.
1. Issuer:
Council of Europe Development Bank
2. (i)
Series Number:
409

(ii)
Tranche Number:
3
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The Notes will be consolidated and form a
single series with the Original Notes
immediately on the Issue Date
3. Specified Currency or Currencies:
Euro ("EUR")
4. Aggregate Nominal Amount:


(i)
Series:
EUR 1,350,000,000

(ii)
Tranche:
EUR 100,000,000

5. (i)
Issue Price:
101.6967 per cent. of the Aggregate
Nominal Amount of the Tranche plus EUR
84,699.45 in respect of accrued interest
from, and including, the Interest
Commencement Date to, but excluding, the
Issue Date

(ii)
Net Proceeds:
EUR 101,781,399.45 (including accrued
interest amounting to EUR 84,699.45)
6. Specified Denomination/Minimum
EUR 1,000
Denomination:
7. (i)
Issue Date:
28 January 2020

(ii)
Interest Commencement Date:
25 May 2019
8. Maturity Date:
25 May 2023
9. Interest Basis:
0.125 per cent. Fixed Rate
(further particulars specified below)
10. Redemption/Payment Basis:
Redemption at par

11. Change of Interest or Redemption/ Not Applicable
Payment Basis:
12. Optional Early Redemption (Put/Call Not Applicable
Options):
13. Status of the Notes:
Senior
14. Listing:
Luxembourg Stock Exchange
15. Method of distribution:
Non-syndicated
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PROVISIONS RELATING TO INTEREST PAYABLE
16. Fixed Rate Note Provisions
Applicable

(i)
Interest Rate(s):
0.125 per cent. per annum payable
annually in arrear

(ii)
Interest Payment Date(s):
25 May in each year (each, an "Interest
Payment Date"), with the first Interest
Payment Date being 25 May 2020, all
adjusted for payment purposes only in
accordance with the Following Business
Day Convention. No adjustments will be
made to the Fixed Coupon Amount

(iii)
Fixed Coupon Amount(s):
EUR 1.25 per EUR 1,000 in Nominal
Amount payable on each Interest Payment
Date

(iv)
Day Count Fraction:
Actual/Actual (ICMA)

(v)
Broken Amount(s):
Not Applicable

(vi)
Other terms relating to the method Not Applicable
of calculating interest for Fixed
Rate Notes:
17. Floating Rate Note Provisions
Not Applicable
18. Non-Interest Bearing Note Provisions
Not Applicable

PROVISIONS RELATING TO REDEMPTION
19. Call Option
Not Applicable
20. Put Option
Not Applicable
21. Maturity Redemption Amount of each EUR 1,000 per Note of EUR 1,000
Note
Specified Denomination
22. Early Termination Amount(s)
Condition 7.2 applies
Early Termination Amount(s) of each
Note payable on redemption for an event
of default and/or the method of calculating
the same (if required or if different from
that set out in the Conditions):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
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23. Form of Notes:
Bearer Notes:

Permanent Global Note exchangeable for
Definitive Notes in the limited
circumstances specified in the Permanent
Global Note
24. New Global Note form:
Applicable
25. Relevant Financial Centre(s) or other TARGET
special provisions relating to Payment
Dates:
26. Talons for future Coupons or Receipts to Not Applicable
be attached to Definitive Notes (and dates
on which such Talons mature):
27. Details relating to Partly Paid Notes: Not Applicable
amount of each payment comprising the
Issue Price and date on which each
payment is to be made and consequences
(if any) of failure to pay, including any
right of the Issuer to forfeit the Notes and
interest due on late payment:
28. Details relating to Instalment Notes: Not Applicable
amount of each instalment, date on which
each payment is to be made:
29. In the case of Notes denominated in the Not Applicable
currency of a country that subsequently
adopts the Euro in accordance with the
Treaty
establishing
the
European
Community, as amended by the Treaty on
the European Union, whether the Notes
will include a redenomination clause
providing for the redenomination of the
Specified
Currency
in
Euro
(a
"Redenomination Clause"), and, if so
specified,
the
wording
of
the
Redenomination Clause in full and any
wording in respect of renominalisation
and/or reconventioning:
30. Other terms or special conditions:
Not Applicable
31. Payment of U.S. Dollar Equivalent in the Not Applicable
event
of
Inconvertibility,
Non-
transferability or Illiquidity:
32. RMB Calculation Agent:
Not Applicable
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DISTRIBUTION

33. (i)
If syndicated, names of
Not Applicable
Manager(s):

(ii)
Stabilising Manager (if any):
Not Applicable
34. If non-syndicated, name of Dealer:
Deutsche Bank Aktiengesellschaft
Mainzer Landstrasse 11-16
60329 Frankfurt am Main
Germany
35. U.S. selling restrictions:
The Issuer falls under category 2 for the
purposes of Regulation S under the United
States Securities Act of 1933, as amended
TEFRA C
36. Additional selling restrictions:
Not applicable
OPERATIONAL INFORMATION
37. ISIN:
XS1825405878
38. Common Code:
182540587
39. FISN:
COUNCIL OF EURO/.125EMTN
20230525
40. CFI:
DTFCFB
41. Intended to be held in a manner which Yes. Note that the designation "Yes" simply
would allow Eurosystem eligibility:
means that the Notes are intended upon issue
to be deposited with one of the ICSDs as
common safekeeper and does not
necessarily mean that the Notes will be
recognised as eligible collateral for
Eurosystem monetary policy and intra-day
credit operations by the Eurosystem either
upon issue or at any or all times during their
life. Such recognition will depend upon the
ECB being satisfied that the Eurosystem
eligibility criteria have been met.
42. Any clearing system(s) other than Not Applicable
Euroclear Bank SA/NV and Clearstream
Banking
S.A.
and
the
relevant
identification number(s):
43. Relevant Benchmark:
Not Applicable
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44. Delivery:
Delivery against payment
45. Additional Paying Agent(s) (if any):
Not Applicable
LISTING APPLICATION
This Pricing Supplement comprises the final terms required for listing on the official list and
admission to trading on the regulated market of the Luxembourg Stock Exchange of the Notes
described herein issued pursuant to the EUR 25,000,000,000 Euro Medium Term Note
Programme of Council of Europe Development Bank.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in this Pricing Supplement.
Signed on behalf of the Council of Europe Development Bank:

By: ......................................................................
Name: Carlo Monticelli

Title: Vice-Governor

Duly authorised
Date: 24 January 2020

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