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BEI/13/43

19 February 2013

EIB successfully prices USD 5 billion 3-year benchmark

Today the European Investment Bank (‘EIB’) priced a new Global benchmark issue in the 3-year sector. This is EIB’s second US Dollar Global benchmark in 2013, and its first appearance in this tenor since May 2012. The issue pays a semi-annual coupon of 0.625% and has an issue price of 99.904% to give a spread of 23.9 basis points over the 0.375% UST due 15 February 2016.

The transaction officially opened books in the London morning on Tuesday, 19 February, with price guidance of mid-swaps plus 7 basis points. Given strong demand, the transaction was sized at USD 5bn, the top end of EIB’s typical range of USD 3-5bn in this maturity.

The final pricing was in line with initial price thoughts and formal guidance at mid-swaps +7 bps. Benefiting from performance of the EIB USD benchmark curve, it is the tightest pricing versus mid-swaps for an EIB three-year Global since October 2011 and the tightest spread to US Treasuries on an EIB USD Global since 2007.

With this issue, EIB has raised over EUR 23 billion or one third of its programme target of EUR 70 billion in 2013.

Lead Managers for the transaction were Barclays, Deutsche Bank and Goldman Sachs. Co-managers on the offering were BNP Paribas, Credit Agricole, Citi, Credit Suisse and HSBC.

Summary Terms and Conditions for the new bond issue:

Issue Amount

USD 5 billion

Pricing Date

19 February 2013

Payment Date

26 February 2013

Maturity Date

15 April 2016

Issue/Re-offer Price

99.904%

Re-offer Yield

0.656%

Semi-Annual Coupon

0.625%

Re-offer Spread

23.9 bps over the 0.375% UST due 15 February 2016

Format

Global

Listing

Luxembourg

Background information on EIB

The European Investment Bank (EIB) is the long-term lending institution of the European Union, owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

EIB’s shareholders, the EU Member States, recently approved a EUR 10 bn capital increase, which is to be fully paid in. Over 90% is to be paid in by 31 March 2013, with the remainder to be paid in two equal tranches in 2014 and 2015.

You can obtain a written prospectus relating to this offering by requesting such prospectus in writing or by telephone from EIB at the following address and telephone number:

Investor Relations

Capital Markets Department
European Investment Bank
100, boulevard Konrad Adenauer
L-2950 Luxembourg, Grand Duchy of Luxembourg
Telephone: (352) 4379-53000


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