Obligation Euro Investment Bank 1.125% ( XS1361554584 ) en EUR

Euro Investment Bank

100 % ⇌

Luxembourg

XS1361554584 ( en EUR )

1.125% par an ( paiement annuel )

15/09/2036 - Obligation échue

Prospectus brochure de l'obligation European Investment Bank XS1361554584 en EUR 1.125%, échue

1 000 EUR

3 350 000 000 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 XS1361554584, paye un coupon de 1.125% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 15/09/2036

CONFORMED COPY

Final Terms

EUROPEAN INVESTMENT BANK
Debt Issuance Programme

Issue Number: 2212/1000

EUR 400,000,000 1.125 per cent. Eurocooperation (ECoop) Bonds due 15 September 2036
(to be consolidated and form a single series with the existing EUR 2,850,000,000
1.125 per cent. Eurocooperation (ECoop) Bonds due 15 September 2036 issued in nine
tranches on 10 February 2016, 18 May 2016, 22 August 2016, 7 April 2017, 11 April 2018,
3 October 2018, 28 January 2019, 22 April 2020 and 14 May 2020)

Issue Price: 116.105 per cent.
(plus 360 days' accrued interest from, and including, 15 September 2019 to, but excluding,
9 September 2020)

Joint Lead Managers
BNP PARIBAS
Crédit Agricole CIB
Deutsche Bank
UniCredit Bank

The date of these Final Terms is 7 September 2020.

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 wil 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 Of ering 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.
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 chal enges 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, (i ) the re-profiling of cash flows by setting new repayment schedules or the
temporary standstil of repayment obligations and (i i) 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 wil 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 its share in the EIB's subscribed
capital, taking the form of an irrevocable, unconditional and first demand guarantee, which wil 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 bil ion in the event al EU Member States
participate.
Both the EIB and the EIF wil 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 wil make available uncollateralised liquidity credit facilities to each of the participating EU
Issue Number: 2212/1000

2

Member States, which wil be used solely for the temporary financing of payments owed to the EIB
pursuant to the first demand guarantee in the event 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 wil 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. Relevant discussions between the EIB and the EU Member States
are ongoing and it is currently expected that the Guarantee Fund wil be formally established in the
near future.
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 30 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 30 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 30 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 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 (i )
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 or
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 each Joint Lead Manager
and the expression "MiFID II" means Directive 2014/65/EU, as amended.

Issue Number: 2212/1000
3

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

GENERAL PROVISIONS

1
Issue Number:
2212/1000 (to be consolidated and form a single
series, from and including the Issue Date, with the
existing EUR 2,850,000,000 1.125 per cent.
Eurocooperation
(ECoop)
Bonds
due
15 September 2036 issued in nine tranches on
10 February 2016, 18 May 2016, 22 August 2016,
7 April 2017, 11 April 2018, 3 October 2018,
28 January 2019, 22 April 2020 and 14 May 2020)
2
Security Codes:

(i)
ISIN:
XS1361554584

(ii)
Common Code:
136155458
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:
9 September 2020
INTEREST PROVISIONS

7
Interest Type:
Fixed Rate

(Further particulars specified below)
8
Interest Commencement Date:
15 September 2019
9
Fixed Rate Provisions:
Applicable

(i)
Interest Rate(s):
1.125 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):
15 September in each year commencing
15 September 2020, 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 11.25 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

(ix)
Other terms relating to the Not Applicable
method of calculating interest
for Fixed Rate Bonds:
Issue Number: 2212/1000
4

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:
15 September 2036
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 al ow 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 wil 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 wil depend
upon the ECB being satisfied that al 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
Issue Number: 2212/1000
5

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 Joint BNP Paribas
Lead Managers:
Crédit Agricole Corporate and Investment Bank
Deutsche Bank Aktiengesel schaft
UniCredit Bank AG

(ii)
If non-syndicated, name of Not Applicable
Relevant Dealer:

(iii)
Stabilising manager(s) (if any):
BNP Paribas

(iv)
Commission(s):
Combined management and underwriting
commission of 0.200 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
United Kingdom

Paying Agent and Listing Agent

Banque Internationale à Luxembourg S.A.
69, route d'Esch
L- 2953 Luxembourg

34
Listing:
Luxembourg
35
Governing law:
Luxembourg

EUROPEAN INVESTMENT BANK:

By: RICHARD TEICHMEISTER
By: JANETTE BRANDON

Issue Number: 2212/1000
6