Obbligazione European Investment Bank (EIB) 5.5% ( XS0830174222 ) in BRL

Emittente European Investment Bank (EIB)
Prezzo di mercato 100 BRL  ⇌ 
Paese  Lussemburgo
Codice isin  XS0830174222 ( in BRL )
Tasso d'interesse 5.5% per anno ( pagato 1 volta l'anno)
Scadenza 25/09/2015 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione European Investment Bank (EIB) XS0830174222 in BRL 5.5%, scaduta


Importo minimo 5 000 BRL
Importo totale 450 000 000 BRL
Descrizione dettagliata La Banca Europea per gli Investimenti (BEI) è l'istituzione finanziaria dell'Unione europea che fornisce finanziamenti a lungo termine per progetti di investimento in tutta Europa e nei paesi in via di sviluppo.

The Obbligazione issued by European Investment Bank (EIB) ( Luxembourg ) , in BRL, with the ISIN code XS0830174222, pays a coupon of 5.5% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 25/09/2015







EXECUTION VERSION


Final Terms
EUROPEAN INVESTMENT BANK
Debt Issuance Programme


Issue Number: 1952/0300


BRL 50,000,000 5.50 per cent. Bonds due 25th September, 2015
(payable in EUR)
(to be consolidated and form a single series with the existing BRL 400,000,000 5.50 per cent. Bonds due
25th September, 2015 (payable in EUR) issued on 25th September, 2012 and
9th November, 2012)


Issue Price: 99.6475 per cent.
(plus 143 days' accrued interest from, and including, 25th September 2012 to, but excluding,
15th February, 2013)






J.P. Morgan



The date of these Final Terms is 13th February, 2013









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 22nd September, 2010 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 6 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 Brazilian Real,
Brazilian Reais and BRL are to the lawful currency of the Federative Republic of Brazil and
references to USD are to the lawful currency of the United States of America. The Bonds are
denominated in BRL but all payments in respect of the Bonds shall be made in euro (EUR).

On 31st December, 2012 the BOARD OF GOVERNORS of EIB UNANIMOUSLY DECIDED
on a proposal from the Board of Directors, in accordance with Articles 4(3) and 5(2) of the
Statute, that:
1. With effect from 31st December, 2012, the capital of EIB shall be increased as follows:
The capital subscribed by the Member States shall be raised pro rata by EUR 10 billion, namely
from EUR 232,392,989,000 to EUR 242,392,989,000. This aggregate capital contribution shall be
distributed across Member States as described below:

GERMANY
1,617,003,000
FRANCE
1,617,003,000
ITALY
1,617,003,000
UNITED KINGDOM
1,617,003,000
SPAIN 970,202,000
NETHERLANDS 448,222,000
BELGIUM 448,222,000
SWEDEN 297,351,000
DENMARK 226,947,500
AUSTRIA 222,499,500
POLAND 206,984,000
2
Issue Number : 1952/0300





FINLAND 127,834,500
GREECE 121,579,000
PORTUGAL 78,351,000
CZECH REPUBLIC
76,379,000
HUNGARY 72,258,000
IRELAND 56,737,000
ROMANIA 52,395,000
SLOVAK REPUBLIC
25,999,500
SLOVENIA 24,138,000
BULGARIA 17,652,000
LITHUANIA 15,146,000
LUXEMBOURG 11,347,500
CYPRUS 11,127,000
LATVIA 9,243,000
ESTONIA 7,138,000
MALTA 4,235,500

This capital shall be deemed to be part of the subscribed and paid-in capital, thus increasing EIB's
paid-in capital from EUR 11,619,649,450 to EUR 21,619,649,450.
2. The portion to be paid-in by Member States shall increase from 5 to 8.919255272 per cent. on
average of the subscribed capital, as a result of the present increase.
3. Each Member State shall pay its share in the capital increase no later than 31st March, 2013.
However, Member States which have notified EIB on or before 10th September, 2012 will be
allowed to pay their respective share of the capital increase in three instalments, 50 per cent. no
later than 31st March, 2013 and the remaining 50 per cent. in two equal instalments no later than
31st March, 2014 and 31st March, 2015.
CONSEQUENTLY
4. EIB's Statute shall be amended, as from 31st December, 2012, as follows:
The first subparagraph of Article 4(1) of EIB's Statute shall read:
"The capital of the Bank shall be 242 392 989 000 EUR, subscribed by the Member States as
follows:
GERMANY
39,195,022,000

FRANCE
39,195,022,000

ITALY
39,195,022,000

UNITED KINGDOM
39,195,022,000

SPAIN 23,517,013,500

NETHERLANDS 10,864,587,500

3
Issue Number : 1952/0300





BELGIUM 10,864,587,500

SWEDEN 7,207,577,000

DENMARK 5,501,052,500

AUSTRIA 5,393,232,000

POLAND 5,017,144,500

FINLAND 3,098,617,500

GREECE 2,946,995,500

PORTUGAL 1,899,171,000

CZECH REPUBLIC
1,851,369,500

HUNGARY 1,751,480,000

IRELAND 1,375,262,000

ROMANIA 1,270,021,000

SLOVAK REPUBLIC
630,206,000

SLOVENIA 585,089,500

BULGARIA 427,869,500

LITHUANIA 367,127,000

LUXEMBOURG 275,054,500

CYPRUS 269,710,500

LATVIA 224,048,000

ESTONIA 173,020,000

MALTA 102,665,000
"

The first paragraph of Article 5 of EIB's Statute shall be amended as set out below:
"The subscribed capital shall be paid in by Member States to the extent of 8.919255272% on
average of the amounts laid down in Article 4(1)."
In accordance with the notifications received by EIB from the Member States before 10th
September, 2012 the payment of 91.6 per cent. of new capital has to be effected by the Member
States by 31st March, 2013. The remainder of the new capital will be paid in two equal
instalments of 4.2 per cent. on 31st March, 2014 and on 31st March, 2015.

4
Issue Number : 1952/0300





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

GENERAL PROVISIONS
1952/0300 (to be consolidated and form a single
1. Issue
Number:
series with the existing BRL 400,000,000 5.50
per cent. Bonds due 25th September, 2015
(payable in EUR) issued on 25th September,
2012 and 9th November, 2012 from and
including the Issue Date)
2. Security
Codes:

(i) ISIN:
XS0830174222
(ii) Common
Code:
083017422
(iii) CUSIP:
Not
Applicable
(iv) WKN:
Not
Applicable
3.
Specified Currency or Currencies:
BRL (provided that all payments will be made
in EUR)
4.
Principal Amount of Issue:
BRL 50,000,000
5.
Specified Denomination:
BRL 5,000
6.
Issue Date:
15th February, 2013
INTEREST PROVISIONS
7.
Interest Type:
Fixed Rate

(Further particulars specified below)
8.
Interest Commencement Date:
25th September, 2012
9.
Fixed Rate Provisions:
Applicable

(i)
Interest Rate:
5.50 per cent. per annum

(ii)
Interest Period End
The dates that would be Interest Payment Dates
Dates:
but without adjustment for any Business Day
Convention

(iii)
Interest Payment Dates:
25th September in each year commencing 25th
September, 2013 up to, and including, the
Maturity Date subject in each case to adjustment
in accordance with the Business Day
Convention specified below
5
Issue Number : 1952/0300







(iv)
Business Day Convention:
Following

(v)
Interest Amount:
BRL 275 per BRL 5,000 in principal amount,
provided however, that the Interest Amounts
will be paid on each Interest Payment Date in
EUR, such EUR amount obtained by dividing
the relevant Interest Amount in BRL by the
Reference Rate (as defined in the Annex)

(vi)
Broken Amount:
Not Applicable

(vii)
Day Count Fraction:
Actual/Actual ­ ICMA

(viii) Business Day Centres:
Brazil (as defined in the Annex), London, New
York, TARGET and Luxembourg
(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 EUR, such EUR amount
obtained by dividing the Principal Amount in
BRL by the Reference Rate
16.
Maturity Date:
25th September, 2015
17.
Business Day Convention:
Following
18.
Business Day Centres:
Brazil, London, New York, TARGET and
Luxembourg
6
Issue Number : 1952/0300






OPTIONS AND EARLY REDEMPTION PROVISIONS
19.
Unmatured Coupons to become void
Yes
upon early redemption (Bearer Bonds
only):
20.
Issuer's Optional Redemption:
Not Applicable
21.
Bondholders' Optional Redemption:
Not Applicable
22. Redemption Amount payable on Redemption at par, provided however, that the
redemption for an Event of Default:
Redemption Amount will be paid in EUR, such
EUR amount obtained by dividing the Principal
Amount in BRL by the Reference Rate
PROVISIONS REGARDING THE FORM OF BONDS
23.
Form of Bonds:
Bearer Bonds

Permanent Global Bond which is exchangeable
for Definitive Bonds in the limited
circumstances specified therein
24. New
Global
Note:
No
25.
Intended to be held in a manner which No
would allow Eurosystem eligibility:
26.
Details relating to Partly Paid Bonds:
Not Applicable
27.
Details relating to Instalment Bonds:
Not Applicable
28. Redenomination,
renominalisation and Not Applicable
reconventioning provisions:
29.
Consolidation provisions:
Not Applicable
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 J.P. Morgan Securities plc
Relevant Dealer:
(iii)
Stabilising manager (if any):
Not Applicable
7
Issue Number : 1952/0300






(iv)
Commission:
A total commission of 1.375 per cent. of the
Principal Amount of the Bonds being issued
(being a combined management and
underwriting commission of 0.1875 per cent.
and a selling commission of 1.1875 per cent.)
OPERATIONAL INFORMATION AND LISTING
32.
Any clearing system(s) other than Not Applicable
Euroclear Bank S.A./N.V.
(Euroclear) or Clearstream Banking,
société anonyme (Clearstream,
Luxembourg) and the relevant
identification number(s):
33.
Agents appointed in respect of the Fiscal Agent and principal Paying Agent
Bonds:
Citibank, N.A.
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
JPMorgan Chase Bank, N.A.
25 Bank Street
Canary Wharf
London E14 5JP
34. Listing:
Luxembourg
35. Governing
law:
English
EUROPEAN INVESTMENT BANK:
By:
By:
8
Issue Number : 1952/0300





ANNEX
Rate Fixing Date for any Interest Payment Date or the Maturity Date or date on which an amount
is payable in accordance with paragraph 22 of these Final Terms, as applicable, means the fifth
Brazil, London, New York, TARGET and Luxembourg Business Day prior to such date.
Reference Rate with respect to an Interest Payment Date or the Maturity Date or a date on which
an amount is payable in accordance with paragraph 22 of these Final Terms, will be the product
rounded to five decimal places (0.5 being rounded down) of the applicable BRL Rate and the
applicable USD/EUR Rate as determined on the relevant Rate Fixing Date.
(i)
Provisions relating to the BRL Rate
BRL Rate means, in respect of a Rate Fixing Date, the BRL/USD exchange rate, expressed as the
amount of BRL per one USD:
(a)
determined by the Calculation Agent on the relevant Rate Fixing Date by reference to the
applicable BRL-PTAX Rate; or
(b)
in the event that the BRL-PTAX Rate is not available on the applicable Rate Fixing Date,
determined by the Calculation Agent for the relevant Rate Fixing Date by reference to the
applicable EMTA BRL Industry Survey Rate (if such rate is available); or
(c)
in the event that both the BRL-PTAX Rate and the EMTA BRL Industry Survey Rate are
not available for the applicable Rate Fixing Date, determined by the Calculation Agent for
the relevant Rate Fixing Date in good faith and in a commercially reasonable manner,
having taken into account relevant market practice,
provided that:
(i)
if, for the applicable Rate Fixing Date, the Calculation Agent determines that a Price
Materiality has occurred for such Rate Fixing Date, the BRL Rate will be the EMTA BRL
Industry Survey Rate applicable in respect of such Rate Fixing Date; and
(ii)
if, for the applicable Rate Fixing Date, the Calculation Agent determines that an EMTA
Failure has occurred for such Rate Fixing Date, the BRL Rate will be determined by the
Calculation Agent in good faith and in a commercially reasonable manner, having taken
into account relevant market practice.
BRL-PTAX Rate means, in respect of a Rate Fixing Date, the BRL/USD offered rate for USD,
expressed as the amount of BRL per one USD, for settlement in two New York and São Paulo
Business Days reported by the Banco Central do Brasil on the following platforms by
approximately 1:15 p.m. São Paulo time on such Rate Fixing Date:
1.
SISBACEN Data System under transaction code PTAX-800 ("Consulta de Cambio" or
Exchange Rate Inquiry), Option 5 ("Cotacões para Contabilidade" or Rates for
Accounting Purposes); or
2.
Bloomberg page <BZFXPTAX Index>; or
3. Reuters
page
<BRLPTAX=CBBR>
EMTA BRL Industry Survey Rate means the foreign exchange rate as specified in the ISDA
1998 FX and Currency Option Definitions (as updated from time to time) ­ Settlement Rate
Options: "EMTA BRL Industry Survey Rate (BRL12)", meaning that the spot rate for a Rate
9
Issue Number : 1952/0300





Fixing Date will be the BRL/USD offered rate for USD, expressed as the amount of BRL per one
USD, for settlement in two New York and São Paulo Business Days, calculated by EMTA (or a
service provider EMTA may in its sole discretion select) pursuant to the EMTA BRL Industry
Survey Methodology and published on EMTA's website (www.emta.org) at approximately
3:45p.m. São Paulo time or as soon thereafter as practicable on such Rate Fixing Date.
EMTA BRL Industry Survey Methodology means a methodology, dated as of 1st March, 2004,
as amended from time to time, for a centralised industry-wide survey of financial institutions in
Brazil that are active participants in the BRL/USD spot markets for the purposes of determining
the EMTA BRL Industry Survey Rate.
Price Materiality means, in respect of a Rate Fixing Date, that the EMTA BRL Industry Survey
Rate is available on such date and that the BRL-PTAX Rate differs from the EMTA BRL Industry
Survey Rate by more than 3 per cent.
EMTA Failure means, in respect of a Rate Fixing Date, that the EMTA BRL Industry Survey
Rate, having been requested as prescribed by EMTA, is not available for any reason. For the
avoidance of doubt, an EMTA Failure may still occur notwithstanding that the BRL-PTAX Rate
is available on the applicable Rate Fixing Date.
Brazil Business Day means a day other than a Saturday or Sunday on which banks and foreign
exchange markets are open in any of São Paulo, Rio de Janeiro or Brasilia; not otherwise declared
a financial market holiday by the Bolsa de Mercadoria & Futuros.
(ii)
Provisions relating to the USD/EUR Rate
USD/EUR Rate means, in respect of a Rate Fixing Date, the USD/EUR exchange rate, expressed
as the amount of USD per one EUR for settlement in two TARGET and New York Business Days
as determined by the Calculation Agent by reference to the mid spot rate displayed on the ECB37
Reuters Page at approximately 2:00 p.m. London time on such Rate Fixing Date; provided that if
for the relevant Rate Fixing Date no such rate is displayed on such Reuters Page or if such rate as
displayed is, as determined by the Calculation Agent in its sole discretion, acting in good faith and
in a commercially reasonable manner, taking into account relevant market practice, manifestly
erroneous, the USD/EUR Rate will equal the arithmetic mean, as determined by the Calculation
Agent, of the firm quotes of exchange rates for conversion of EUR into USD determined by at
least five independent leading dealers in the USD/EUR spot FX market, selected by the
Calculation Agent (the Reference Dealers) in its sole discretion, acting in good faith and in a
commercially reasonable manner, taking into account relevant market practice; provided further
that if (i) the difference between the highest and the lowest of such firm quotes of exchange rates
determined by the Reference Dealers on such date is greater than 1 per cent. or (ii) the Calculation
Agent is unable to obtain five such quotes from the Reference Dealers on such date for any
reason, the USD/EUR Rate shall be the exchange rate as determined by the Calculation Agent in
its sole discretion, acting in good faith and in a commercially reasonable manner, taking into
account relevant market practice and any information deemed relevant, on such day.
For the avoidance of doubt, the product of BRL Rate and the USD/EUR Rate may be such
that the resulting EUR amount is zero and in such event no BRL or EUR amount will be
payable.
10
Issue Number : 1952/0300