Obligation Euro Investment Bank 6.6% ( XS1374303631 ) en INR

Euro Investment Bank

100 % ⇌

Luxembourg

XS1374303631 ( en INR )

6.6% par an ( paiement annuel )

04/03/2019 - Obligation échue

Prospectus brochure de l'obligation European Investment Bank (EIB) XS1374303631 en INR 6.6%, échue

100 000 INR

7 000 000 000 INR

La Banque européenne d'investissement (BEI) est l'institution de financement à long terme de l'Union européenne, soutenant des projets d'investissement dans les États membres de l'UE et dans les pays hors UE.

L'Obligation émise par Euro Investment Bank ( Luxembourg ) , en INR, avec le code ISIN XS1374303631, paye un coupon de 6.6% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 04/03/2019

CONFORMED COPY
Final Terms
EUROPEAN INVESTMENT BANK
Debt Issuance Programme
Issue Number: 2216/0200
INR 1,000,000,000 6.60 per cent. Bonds due March, 2019
(payable in USD)
(to be consolidated and form a single series with the existing INR 2,000,000,000 6.60 per cent. Bonds
due March, 2019 (payable in USD) issued on 4th March, 2016)
Issue Price: 101.680 per cent.
(plus 231 days' accrued interest from, and including, 4th March, 2016 to, but excluding,
21st October, 2016)
HSBC
The date of these Final Terms is 19th October, 2016.

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 Indian Rupee, and
INR are to the lawful currency of the Republic of India and references to USD are to the lawful
currency of the United States of America.
The Bonds are denominated in INR but all payments in respect of the Bonds shall be made in
USD.
Issue Number: 2216/0200
1

The terms of the Bonds and additional provisions relating to their issue are as follows:
GENERAL PROVISIONS
1.
Issue Number:
2216/0200 (to be consolidated and form a single
series with the existing INR 2,000,000,000 6.60
per cent. Bonds due March, 2019 issued on 4th
March, 2016 from and including the Issue Date)
2.
Security Codes:
(i)
ISIN:
XS1374303631
(ii)
Common Code:
137430363
(iii)
CUSIP:
Not Applicable
(iv)
WKN:
Not Applicable
3.
Specified Currency or Currencies:
INR (provided that all payments will be made in
USD)
4.
Principal Amount of Issue:
INR 1,000,000,000
5.
Specified Denomination:
INR 100,000
6.
Issue Date:
21st October, 2016
INTEREST PROVISIONS
7.
Interest Type:
Fixed Rate
(Further particulars specified below)
8.
Interest Commencement Date:
4th March, 2016
9.
Fixed Rate Provisions:
Applicable
(i)
Interest Rate:
6.60 per cent. per annum
(ii)
Interest Period End Dates:
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
Issue Number: 2216/0200
2

(iii)
Interest Payment Dates:
4th March in each year commencing
4th March, 2017, 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:
INR 6,600 per INR 100,000 in principal amount,
provided however, that the Interest Amounts
will be paid on the relevant Interest Payment
Date in USD, such USD amount obtained by
dividing the relevant Interest Amount in INR by
the applicable INR Rate (as defined in the
Annex)
(vi)
Broken Amount:
Not Applicable
(vii)
Day Count Fraction:
Actual/Actual ICMA
(viii)
Business Day Centres:
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 USD, such USD amount
obtained by dividing the Principal Amount in
INR by the applicable INR Rate
16.
Maturity Date:
4th March, 2019 subject to adjustment in
accordance with the provisions set out in the
Annex
Issue Number: 2216/0200
3

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 USD, such
USD amount obtained by dividing the Principal
Amount in INR by the applicable INR Rate
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:
Issue Number: 2216/0200
4

28.
Consolidation provisions:
Not Applicable
29.
Business Day Centres:
London, Mumbai and New York
30.
Other terms or special conditions:
Not Applicable
DISTRIBUTION PROVISIONS
31.
Method of distribution:
Non-Syndicated
(i)
If syndicated, names of Not Applicable
Managers:
(ii)
If non-syndicated, name of HSBC Bank plc
Relevant Dealer:
(iii)
Stabilising manager (if any):
Not Applicable
(iv)
Commissions:
A combined management and underwriting
commission of 0.175 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, SA
69, route d'Esch
L-2953 Luxembourg
Calculation Agent
HSBC Bank plc
8 Canada Square
London E14 5HQ
Issue Number: 2216/0200
5

34.
Listing:
Luxembourg
35.
Governing law:
English
EUROPEAN INVESTMENT BANK:
By:
SANDEEP DHAWAN
By:
JORGE GRASA
Issue Number: 2216/0200
6

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 INR 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 INR 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 INR per one USD) from four
Reference Dealers as the Calculation Agent is able to obtain for the sale of INR and the
purchase of USD at or about 1:30 p.m. Mumbai 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 INR 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, Mumbai and New York.
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 Mumbai.
INR Rate means the spot rate for a Rate Fixing Date will be the INR/USD rate (expressed as the
amount of INR per one USD) as published by the Reserve Bank of India, at approximately 1:30
Issue Number: 2216/0200
7

p.m., Mumbai time, on the Reuters page "RBIB" (or such other page or service as may replace
any such page for the purposes of displaying the INR/USD rate) on that Rate Fixing Date.
Price Source Disruption Event shall mean that the INR Rate is unavailable on the Reuters page
"RBIB" or any successor page on the relevant Rate Fixing Date, and the Calculation Agent shall
have determined such fact, informing EIB and the Fiscal Agent promptly thereafter.
Rate Fixing Date shall mean the Scheduled Rate Fixing Date, however, if a Price Source
Disruption Event occurs on such date, it shall mean the Adjusted Rate Fixing Date provided that if
the Scheduled Rate Fixing Date or the Adjusted Rate Fixing Date (as applicable) falls on an
Unscheduled Holiday (for purposes of this proviso deeming such day to be a Fixing Business
Day), then the Rate Fixing Date will be the next following Fixing Business Day. In the event that
such next following Fixing Business Day is also an Unscheduled Holiday, the Calculation Agent
shall be entitled to calculate the INR Rate acting in good faith and in a commercially reasonable
manner, having taken into account relevant market practice, by reference to such additional
sources as it deems appropriate; and in such case the Calculation Agent shall notify the Issuer and
the Fiscal Agent as soon as reasonably practicable that the INR Rate is to be so determined.
Reference Dealers means leading dealers, banks or banking corporations which regularly deal in
the INR/USD exchange market, as selected by the Calculation Agent in its sole discretion, acting
in good faith and in a commercially reasonable manner.
Scheduled Rate Fixing Date means, with respect to any Interest Payment Date, the Maturity
Date or the date on which an amount is payable in accordance with paragraph 21 of these Final
Terms, as applicable, the date that is five Fixing Business Days prior to such Interest Payment
Date, Maturity Date or date on which an amount is payable in accordance with paragraph 21 of
these Final Terms, as applicable.
Unscheduled Holiday shall mean a day that is not a Mumbai 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 Mumbai, two Mumbai
Business Days prior to the relevant Rate Fixing Date.
For the avoidance of doubt, the INR Rate may be such that the resulting USD amount is
zero and in such event no USD or INR amount will be payable.
Issue Number: 2216/0200
8