Obligation Euro Investment Bank 1.5% ( XS1572222526 ) en NOK

Euro Investment Bank

100 % ⇌

Luxembourg

XS1572222526 ( en NOK )

1.5% par an ( paiement annuel )

02/03/2027

Prospectus brochure de l'obligation European Investment Bank XS1572222526 en NOK 1.5%, échéance 02/03/2027

10 000 NOK

1 250 000 000 NOK

02/03/2026 ( Dans 117 jours )

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 NOK, avec le code ISIN XS1572222526, paye un coupon de 1.5% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 02/03/2027

CONFORMED COPY
Final Terms
EUROPEAN INVESTMENT BANK
Debt Issuance Programme
Issue Number: 2287/0600
SEK 750,000,000 1.500 per cent. Climate Awareness Bonds due 2nd March, 2027
(to be consolidated and form a single series with the existing SEK 1,750,000,000
1.500 per cent. Climate Awareness Bonds due 2nd March, 2027 issued in four tranches on
2nd March, 2017, 15th May, 2017, 16th August, 2017 and 30th August, 2017)
Issue Price: 101.754 per cent.
(plus 320 days' accrued interest from, and including, 2nd March, 2017 to, but excluding,
22nd January, 2018)
Danske Bank
The date of these Final Terms is 18th January, 2018.

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 European Union and its long-term financing institution, the European Investment Bank (EIB), have
made climate change mitigation and adaptation a policy priority. The EIB supports the EU's goal of
low-carbon and climate-resilient growth within and outside the Union.
Within its climate action financing framework the 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 net proceeds of the issue of the Bonds (which proceeds may be converted into euro) 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.
On 29th March, 2017 the U.K. government triggered Article 50 of the Treaty on European Union,
which officially commenced the process of the U.K.s withdrawal from E.U. membership. In this
context, the European Union and the United Kingdom published on 8th December, 2017 a joint report
from the negotiators of the European Union and the United Kingdom Government on progress during
phase 1 of negotiations under Article 50 TEU on the United Kingdom's orderly withdrawal from the
European Union, which includes introductory remarks and the following statement on the European
Investment Bank:
"Remarks:
This report is put forward with a view to the meeting of the European Council (Article 50) of
14-15 December 2017. Under the caveat that nothing is agreed until everything is agreed, the joint
commitments set out in this joint report shall be reflected in the Withdrawal Agreement in full detail.
This does not prejudge any adaptations that might be appropriate in case transitional arrangements
were to be agreed in the second phase of the negotiations, and is without prejudice to discussions on the
framework of the future relationship."
Issue Number: 2287/0600
2

"European Investment Bank (EIB)
74. The financial settlement should not disrupt the operational functioning of the EIB as a result of the
UK withdrawal in relation to the stock of operations (i.e. loans and other financial instruments) at that
point.
75. In this context, the UK will provide a guarantee for an amount equal to its callable capital on the
day of withdrawal. This guarantee will be decreased in line with the amortisation of the stock of EIB
operations at the date of withdrawal, starting on the date on which the outstanding stock reaches an
amount equal to the total subscribed capital on the date of withdrawal and ending on the date it equals
the total paid-in capital on the date of withdrawal, both as defined in the EIB statute.
76. The UK share of the paid-in capital will be reimbursed in twelve annual instalments starting at the
end of 201911. The UK remains liable for the reimbursed amount of paid-in capital until the outstanding
stock of EIB operations equals the total paid-in capital on the date of withdrawal, at which point the
liability will start to be amortised in line with the remaining non-amortised operations.
77. Apart from these reimbursements, the EIB will not make any other payment, return or remuneration
on account of the withdrawal of the UK from the EIB or on account of the provision by the UK of a
guarantee.
78. Any call to the callable guarantee or the paid-in (cash or guarantee) will be "pari-passu" with calls
on or payments made by the Member States provided that it is used for covering operations at the
withdrawal date or for covering risks (such as ALM (Asset-Liability management) risks or operational
risks) attributable to the stock of operations at the date of withdrawal. For other such risks not
associated with specific loans and not attributable to the stock of operations built after the date of
withdrawal, the UK responsibility will be proportional to the ratio between the stock of outstanding
operations and the total amount of operations at the date of the event.
79. The UK will maintain the EIB's privileges and immunities under Protocols 5 and 7 annexed to the
Treaties throughout the amortisation of the EIB's stock of operations at the date of withdrawal.
80. The UK considers that there could be mutual benefit from a continuing arrangement between the
UK and the EIB. The UK wishes to explore these possible arrangements in the second phase of the
negotiations.
81. After the date of withdrawal, UK projects will not be eligible for new operations from the EIB
reserved for Member States, including those under Union mandates."
"11: The first eleven instalments will be EUR 300 000 000 each and the final one will be
EUR 195 903 950."
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 manufacturers 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 distributors 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;
Issue Number: 2287/0600
3

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 distributors 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: 2287/0600
4

The terms of the Bonds and additional provisions relating to their issue are as follows:
GENERAL PROVISIONS
1
Issue Number:
2287/0600 (to be consolidated and form a single
series with the existing SEK 1,750,000,000 1.500
per cent. Climate Awareness Bonds due
2nd March, 2027 issued in four tranches on
2nd March,
2017,
15th
May,
2017,
16th August, 2017 and 30th August, 2017 from
and including the Issue Date)
2
Security Codes:
(i) ISIN:
XS1572222526
(ii) Common Code:
157222252
3
Specified Currency or Currencies:
Swedish Kronor (SEK)
4
Principal Amount of Issue:
SEK 750,000,000
5
Specified Denomination:
SEK 10,000
6
Issue Date:
22nd January, 2018
INTEREST PROVISIONS
7
Interest Type:
Fixed Rate
(Further particulars specified below)
8
Interest Commencement Date:
2nd March, 2017
9
Fixed Rate Provisions:
Applicable
(i)
Interest Rate:
1.500 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
(iii)
Interest Payment Date(s):
2nd March in each year commencing
2nd March, 2018, 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
(v)
Interest Amount:
SEK 150.00 per SEK 10,000 in principal amount
(vi)
Broken Amount:
Not Applicable
(vii)
Day Count Fraction:
30/360
(viii) Business Day Centre(s):
Stockholm, London and TARGET
Issue Number: 2287/0600
5

(ix)
Other terms relating to the method of
Not Applicable
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:
2nd March, 2027
17
Business Day Convention:
Following
OPTIONS AND EARLY REDEMPTION PROVISIONS
18
Unmatured Coupons to become void upon early
No
redemption (Bearer Bonds only):
19
Issuer's Optional Redemption:
Not Applicable
20
Bondholders' Optional Redemption:
Not Applicable
21
Redemption Amount payable on redemption for
Redemption at par
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:
No
24
Intended to be held in a manner which would
No. Whilst the designation is specified as "no" at
allow Eurosystem eligibility:
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. 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.
Issue Number: 2287/0600
6

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 Centre(s):
Stockholm, London and TARGET
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 Relevant Dealer:
Danske Bank A/S
(iii) Stabilising manager(s) (if any):
Not Applicable
(iv) Commission(s):
Combined
management
and
underwriting
commission of 0.150 per cent. of the Principal
Amount of the Bonds being issued
OPERATIONAL INFORMATION AND LISTING
32
Any clearing system(s) other than Euroclear Not Applicable
Bank SA/NV (Euroclear) or Clearstream
Banking S.A. (Clearstream, Luxembourg) and
the relevant identification number(s):
33
Agents appointed in respect of the Bonds:
Fiscal Agent and principal Paying 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
34
Listing:
Luxembourg
35
Governing law:
English
EUROPEAN INVESTMENT BANK:
By: RICHARD TEICHMEISTER
By: JENNIFER WENNER
Issue Number: 2287/0600
7