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EIB launches second USD 3bn 7 year Global benchmark of 2014

September 2, 2014



ENP Newswire - 02 September 2014

Release date- 02092014 - On 28 August 2014, the European Investment Bank ('EIB') priced a new US Dollar benchmark issue - a USD 3 billion 7-year Global.

This is EIB's second 7-year US Dollar Global and seventh US Dollar Global of the year.

The transaction was priced at mid-swaps + 9 basis points, in line with initial guidance. The issue pays a semi-annual coupon of 2.125% and has an issue price of 99.249% to give a spread of 22.3 basis points over the 2.25% UST due July 2021. The transaction was announced early in the London afternoon on Wednesday, 27 August 2014.

Lead Managers for the transaction were Bank of America Merrill Lynch, TD Securities and J.P. Morgan.

Summary Terms and Conditions for the new bond issue:

Issue Amount

USD 3 billion

Pricing Date

28 August 2014

Payment Date

5 September 2014

Maturity Date

15 October 2021

Issue/Re-offer Price

99.249%

Re-offer Yield

2.24%

Semi-Annual Coupon

2.125%

Re-offer Spread

22.3 bps over the 2.25% UST due July 2021

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. The Bank's strong credit standing is underpinned by exceptional asset quality, a strong capital base, firm shareholder support, conservative risk management and a sound funding strategy.

A written prospectus relating to this offering can be obtained by requesting such prospectus in writing or by telephone from EIB at the following address and telephone number:

Investor Relations

investor.relations@eib.org

+352 43 79 - 53000


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Source: ENP Newswire


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