Obligation Euro Investment Bank 1.25% ( XS1107718279 ) en EUR

Euro Investment Bank

100 % ⇌

Luxembourg

XS1107718279 ( en EUR )

1.25% par an ( paiement annuel )

13/11/2026 - Obligation échue

Prospectus brochure de l'obligation European Investment Bank XS1107718279 en EUR 1.25%, échue

1 000 EUR

2 200 000 000 EUR

La Banque européenne d'investissement (BEI) est une institution de l'Union européenne qui finance des projets contribuant à l'intégration, la cohésion et la croissance économique de l'UE et des pays voisins.

L'Obligation émise par Euro Investment Bank ( Luxembourg ) , en EUR, avec le code ISIN XS1107718279, paye un coupon de 1.25% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 13/11/2026

CONFORMED COPY
Final Terms
EUROPEAN INVESTMENT BANK
Debt Issuance Programme
Issue Number: 2138/0700
EUR 400,000,000 1.25 per cent. Climate Awareness Bonds
due 13 November 2026 (to be consolidated and form a single series, from and
including the Issue Date, with the existing EUR 1,800,000,000 1.25 per cent. Climate
Awareness Bonds due 13 November 2026 issued in six tranches on
10 September 2014, 18 September 2014, 12 January 2015, 31 March 2015,
18 February 2016 and 3 February 2017)
Issue Price: 108.830 per cent.
(plus 214 days' accrued interest from, and including, 13 November 2020 to, but excluding,
15 June 2021)
Joint Lead Managers
BofA Securities
DekaBank
HSBC
TD Securities
The date of these Final Terms is 11 June 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 8 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
terms and conditions set out in the offering circular dated 22 September 2010.
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 European Union and its long-term financing institution, EIB, have made climate change
mitigation and adaptation a policy priority. EIB supports the EU's goal of low-carbon and climate-
resilient growth within and outside the Union.
Within its climate action financing framework EIB strongly supports energy efficiency and
renewable energy investments. The Bank thus contributes to the EU's climate change and energy
sustainability objectives set out by the European Union.
Lending projects in the fields of renewable energy and energy efficiency include, but are not
limited to:

renewable energy projects such as wind, hydro, solar and geothermal production; and

energy efficiency projects such as district heating, co-generation, building insulation,
energy loss reduction in transmission and distribution and equipment replacement.
The above are merely current targets. Revisions of such targets will not be notified to
Bondholders. No undertaking is given that such targets will be met.
The net proceeds of the issue of the Bonds will be allocated within EIB's treasury to a sub-portfolio
of the operational money market portfolio. So long as the Bonds are outstanding, the balance of
the sub-portfolio will be reduced, at the end of each quarter, by amounts matching disbursements
made during the quarter to lending projects within the fields of renewable energy and energy
efficiency. Pending such disbursement, the sub-portfolio will be invested in money market
instruments.
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
A44876170 Issue Number: 2138/0700
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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 26 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 24 August 2020. As of 11 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
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 31
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 consolidated financial statements of the EIB Group
under IFRS as of and for the year ended 31 December 2020, the consolidated financial statements
of the EIB Group under EU Accounting Directives as of and for the year ended 31 December 2020,
and the financial statements of the EIB under EU Accounting Directives as of and for the year
ended 31 December 2020, 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
A44876170 Issue Number: 2138/0700
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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 each 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
manufacturers' 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 manufacturers' 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 any Joint Lead Manager
that is a manufacturer under MiFID II and the expression "MiFID II" means Directive 2014/65/EU,
as amended.
A44876170 Issue Number: 2138/0700
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The terms of the Bonds and additional provisions relating to their issue are as follows:
GENERAL PROVISIONS
1
Issue Number:
2138/0700 (to be consolidated and form a single
series, from and including the Issue Date, with the
existing EUR 1,800,000,000 1.25 per cent.
Climate
Awareness
Bonds
due
13 November 2026 issued in six tranches on
10 September 2014, 18 September 2014,
12
January
2015,
31
March
2015,
18 February 2016 and 3 February 2017)
2
Security Codes:
(i)
ISIN:
XS1107718279
(ii)
Common Code:
110771827
(iii)
WKN:
A1ZN73
3
Specified Currency or Currencies:
Euro ("EUR")
4
Principal Amount of Issue:
EUR 400,000,000
5
Specified Denomination:
EUR 1,000
6
Issue Date:
15 June 2021
INTEREST PROVISIONS
7
Interest Type:
Fixed Rate
(Further particulars specified below)
8
Interest Commencement Date:
13 November 2020
9
Fixed Rate Provisions:
Applicable
(i)
Interest Rate(s):
1.25 per cent. per annum
(ii)
Interest Period End Date(s):
The dates that would be Interest Payment Date(s)
but without adjustment for any Business Day
Convention
(iii)
Interest Payment Date(s):
13 November in each year commencing
13 November 2021, 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 Unadjusted
(v)
Interest Amount:
EUR 12.50 per EUR 1,000 in principal amount
(vi)
Broken Amount:
Not Applicable
(vii)
Day Count Fraction:
Actual/Actual - ICMA
(viii)
Business Day Centre(s):
Not Applicable
A44876170 Issue Number: 2138/0700
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(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
15
Redemption Amount:
Principal Amount
16
Maturity Date:
13 November 2026
17
Business Day Convention:
Following Unadjusted
OPTIONS AND EARLY REDEMPTION PROVISIONS
18
Unmatured Coupons to become void No
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
redemption for an Event of Default:
GENERAL PROVISIONS APPLICABLE TO THE BONDS
22
Form of Bonds:
Bearer Bonds
Permanent Global Bond which is exchangeable
for Definitive Bonds in the limited circumstances
specified therein
23
New Global Note
Yes
24
Intended to be held in a manner which Yes
would allow Eurosystem eligibility:
Note that the designation "yes" simply means that
the Bonds are intended upon issue to be
deposited with one of the ICSDs as common
safekeeper and does not necessarily mean that
the Bonds 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 all Eurosystem eligibility criteria
have been met.
25
Details relating to Partly Paid Bonds:
Not Applicable
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6

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):
TARGET
30
Other terms or special conditions:
Not Applicable
DISTRIBUTION PROVISIONS
31
Method of distribution:
Syndicated
(i)
If syndicated, names of BofA Securities Europe SA
Managers:
DekaBank Deutsche Girozentrale
HSBC Continental Europe
TD Global Finance unlimited company
(ii)
If non-syndicated, name of Not Applicable
Relevant Dealer:
(iii)
Stabilising manager(s) (if any):
Not Applicable
(iv)
Commission(s):
Combined management and underwriting
commission of 0.125 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 SA/NV (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 and
Bonds:
Calculation 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
A44876170 Issue Number: 2138/0700
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34
Listing:
Luxembourg
35
Governing law:
Luxembourg
EUROPEAN INVESTMENT BANK:
By: ALDO ROMANI
By: JANETTE BRANDON
A44876170 Issue Number: 2138/0700
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