Obligation Euro Investment Bank 3% ( XS1963719585 ) en PLN

Euro Investment Bank

100 % ⇌

Luxembourg

XS1963719585 ( en PLN )

3% par an ( paiement annuel )

25/11/2029

Prospectus brochure de l'obligation European Investment Bank (EIB) XS1963719585 en PLN 3%, échéance 25/11/2029

1 000 PLN

4 250 000 000 PLN

25/11/2025 ( Dans 21 jours )

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 PLN, avec le code ISIN XS1963719585, paye un coupon de 3% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 25/11/2029

CONFORMED COPY

Final Terms

EUROPEAN INVESTMENT BANK
Debt Issuance Programme

Issue Number: 2385/0900

PLN 250,000,000 3.000 per cent. Bonds due 25th November, 2029
(to be consolidated and form a single series with the existing PLN 3,900,000,000
3.000 per cent. Bonds due 25th November, 2029 issued in seven tranches on
22nd March, 2019, 9th July, 2019, 25th September, 2020, 12th October, 2020,
27th January, 2022, 22nd February, 2022 and 14th February, 2023)

Issue Price: 81.864 per cent.

(plus 139 days accrued interest from, and including, 25th November, 2022 to, but excluding, 13th
April, 2023)

J.P. Morgan

The date of these Final Terms is 11th April, 2023.

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). The Bonds will be issued on the terms of these Final Terms read together with the Offering
Circular. Terms defined in the Offering Circular have the same meaning in these Final Terms.
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 Bonds shall not be offered or sold to any Russian or Belarusian natural or legal person, entity or
body if and to the extent that this would contravene any applicable restriction under sanctions imposed
by the European Union (the EU) (as may be amended, supplemented, replaced or superseded from time
to time).
The EIB does not fall under the scope of application of the UK MiFIR package. Consequently, the EIB
does not qualify as an "investment firm", "manufacturer" or "distributor" for the purposes of UK MiFIR.
Solely for the purposes of the 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 only eligible
counterparties, as defined in COBS, and professional clients, as defined in UK MiFIR; and (ii) all
channels for distribution of the Bonds to eligible counterparties and professional clients are appropriate,
subject to the distributor's suitability and appropriateness obligations under COBS, as applicable. Any
person subsequently offering, selling or recommending the Bonds (a distributor) should take into
consideration the manufacturer's target market assessment; however, a distributor subject to the UK
MiFIR Product Governance Rules is responsible for undertaking its own target market assessment in
respect of the Bonds (by either adopting or refining the manufacturer's target market assessment) and
determining appropriate distribution channels, subject to the distributor's suitability and appropriateness
obligations under COBS, as applicable.
For the purposes of this provision, the expression manufacturer means the Relevant Dealer, the
expression UK MiFIR means Regulation (EU) No 600/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018, the expression COBS means the FCA Handbook
Conduct of Business Sourcebook and the expression UK MiFIR Product Governance Rules means
the FCA Handbook Product Intervention and Product Governance Sourcebook.
EIB measures in support of REPowerEU Plan
The EIB and the European Investment Fund (together, the EIB Group) will support the REPowerEU
Plan with an additional EUR 30 billion in loans and equity financing over the next five years. The
additional funds from the EIB Group will be directed to renewables, energy efficiency, grids and
storage, electric-vehicle charging infrastructure, and breakthrough technologies, such as low-carbon
hydrogen.
The package of new, targeted financing approved by the EIB's Board of Directors on
26th October, 2022 is expected to mobilise up to EUR 115 billion of new investment by 2027, thus
making a substantial contribution to the REPowerEU objective of ending dependency on Russian fossil
Issue Number: 2385/0900

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fuels. It is a supplementary envelope, on top of the EIB Group's existing support for the energy sector in
the EU, averaging around EUR 10 billion of financing per year over the past decade. While the
additional EIB Group financing will focus on improving Europe's energy security over the medium term
and avert future supply shocks, EIB support for some efficiency projects could result in lower demand
for gas already in 2023.
In addition to raising expected energy-lending volumes for the next five years, the EIB's Board of
Directors also adopted a series of technical and policy measures aimed at accelerating the pace and
maximising the impact of the new investment. Key elements include higher upfront disbursements,
longer tenors that should make EIB loans to the energy sector more attractive, and a co-financing ceiling
of up to 75 per cent. for projects contributing to the REPowerEU objectives, up from the typical
50 per cent. EIB limit per project.
Furthermore, the EIB's Board of Directors introduced a temporary and exceptional extension of the
exemptions to the EIB Group's Paris Alignment for Counterparties (PATH) framework. In this respect,
the existing exemption under the EIB Group's PATH framework for projects with high innovative
content will be temporarily and exceptionally extended to include all renewable energy projects and
electric-vehicle charging infrastructure inside the EU. This will allow EIB Group financing of a greater
number of clean energy projects with a wider range of clients and utility companies contributing to the
EU's climate objectives and energy security. The extension will run until 2027, subject to a Climate
Bank Roadmap review foreseen in 2025. Over this period, the EIB will continue to engage with all its
clients to support them in developing decarbonisation plans.
Put together, the package of additional financing, policy and technical flexibility, as well as dedicated
support for high-risk investments, like pilot facilities, is expected to help supercharge Europe's transition
to a more sustainable and secure future. It signals the EIB's commitment to deploying the full range of
its financial tools and resources in response to the unfolding crisis.
The EIB Group has adopted a Climate Bank Roadmap to deliver on its agenda to support EUR 1 trillion
of climate action and environmental sustainability investments in the decade to 2030 and to deliver
more than 50 per cent. of EIB finance for climate action and environmental sustainability by 2025. As
part of the roadmap, all new EIB Group operations have been aligned with the goals and principles of
the Paris Agreement since the start of 2021.

Issue Number: 2385/0900

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

1
Issue Number:
2385/0900 (to be consolidated and form a single
series with the existing PLN 3,900,000,000
3.000 per cent. Bonds due 25th November, 2029
issued in seven tranches on 22nd March, 2019,
9th July, 2019,
25th
September,
2020,
12th October, 2020,
27th January,
2022,
22nd February, 2022 and 14th February, 2023 from
and including the Issue Date)
2
Security Codes:

(i) ISIN:
XS1963719585

(ii) Common Code:
196371958
3
Specified Currency or Currencies:
Polish Zloty (PLN)
4
Principal Amount of Issue:
PLN 250,000,000
5
Specified Denomination:
PLN 1,000
6
Issue Date:
13th April, 2023
INTEREST PROVISIONS

7
Interest Type:
Fixed Rate

(Further particulars specified below)
8
Interest Commencement Date:
25th November, 2022
9
Fixed Rate Provisions:
Applicable

(i)
Interest Rate:
3.000 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):
25th November in each year commencing
25th November, 2023, 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:
PLN 30.00 per PLN 1,000 in principal amount

(vi) Broken Amount:
Not Applicable

(vii) Day Count Fraction:
Actual/Actual - ICMA

(viii) Business Day Centre(s):
London, TARGET and Warsaw

(ix) Other terms relating to the method of
Not Applicable
Issue Number: 2385/0900

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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:
25th November, 2029
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: 2385/0900

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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):
London, TARGET and Warsaw
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:
J.P. Morgan Securities plc

(iii) Stabilising manager(s) (if any):
Not Applicable

(iv) Commission(s):
Combined
management
and
underwriting
commission of 0.047 per cent. of the Principal
Amount of the Bonds being issued
OPERATIONAL INFORMATION AND LISTING
32
Any clearing system(s) other than Euroclear The Bonds will initially settle through Euroclear
Bank SA/NV (Euroclear) or Clearstream and Clearstream, Luxembourg
Banking S.A. (Clearstream, Luxembourg) and The Issuer will make an application for the Bonds to
the relevant identification number(s):
be registered and accepted for settlement with the
Central Securities Depository of Poland, Krajowy
Depozyt Papierów Wartociowych S.A. (KDPW) as
soon as reasonably practicable after the Issue Date

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 Luxembourg Listing Agent

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

Issue Number: 2385/0900

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34

Listing:
Luxembourg Stock Exchange's regulated market
The Issuer will also make an application for the
Bonds to be admitted and introduced to trading on
the Catalyst regulated market of the Warsaw
Stock Exchange (rynek regulowany Gieldy
Papierów Wartociowych w Warszawie S.A.) as
soon as reasonably practicable after the Issue
Date
35

Governing law:
English
EUROPEAN INVESTMENT BANK:
By: RICHARD TEICHMEISTER

By: JUAN ANGEL POLA LASIERRA

Issue Number: 2385/0900

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