Obligation European Investment Bank (EIB) 0.625% ( US298785JD98 ) en USD

European Investment Bank (EIB)

98.27 % ▲

Luxembourg

US298785JD98 ( en USD )

0.625% par an ( paiement semestriel )

24/07/2025

Prospectus brochure de l'obligation European Investment Bank (EIB) US298785JD98 en USD 0.625%, échéance 24/07/2025

298785JD9

25/07/2025 ( Dans 133 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 European Investment Bank (EIB) ( Luxembourg ) , en USD, avec le code ISIN US298785JD98, paye un coupon de 0.625% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 24/07/2025

424B5 1 form424b5.htm PROSPECTUS SUPPLEMENT

PROSPECTUS SUPPLEMENT
FILED PURSUANT TO RULE 424(B)(5)

REGISTRATION NO. 333-223825
(To Prospectus Dated May 18, 2018)

$3,000,000,000 0.625% Notes Due 2025

Interest payable on January 25 and July 25 of each year, commencing July 25, 2020.

The 0.625% Notes due 2025 offered hereby (the "Notes") will mature on July 25, 2025. The EIB will not have the right to redeem the Notes
before their scheduled maturity.

Application has been made for the Notes to be admitted to the official list of and to trading on the Bourse de Luxembourg, which is the
regulated market of the Luxembourg Stock Exchange.

PRICE OF THE NOTES 99.655% AND ACCRUED INTEREST, IF ANY

Underwriters
Discounts
and
Proceeds to the

Price to Public Commissions
EIB

Per Note

99.655%
0.125%
99.530%
Total
$2,989,650,000
$3,750,000 $2,985,900,000
The United States Securities and Exchange Commission, state securities regulators, the Luxembourg Stock Exchange or any foreign
governmental agencies have not approved or disapproved these Notes, or determined if this prospectus supplement or the accompanying prospectus
is truthful or complete. Any representation to the contrary is a criminal offense.

The Underwriters below expect to deliver the Notes to purchasers in book-entry form only, through The Depository Trust Company ("DTC"),
on April 23, 2020.

BARCLAYS
BOFA SECURITIES
CITIGROUP

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April 16, 2020

TABLE OF CONTENTS
Prospectus Supplement

Prospectus

Page

Page
Where You Can Find More Information
S-3
About this Prospectus
3
Filings
S-3
Where You Can Find More Information
3
Summary of the Offering
S-6
Forward-Looking Statements
6
Application of Proceeds
S-7
The European Investment Bank
7
Description of Notes
S-7
Use of Proceeds
10
Underwriters
S-9
Description of Securities
11
Validity of the Notes
S-11
Plan of Distribution
20
Experts
S-11
Currency Conversions and Foreign Exchange Risks
21
General Information
S-11
Taxation
23

Legal Opinions
30

Experts
30

Enforcement of Civil Liabilities Against the EIB
31

Authorized Representative in the United States
32
You should rely only on the information contained in this prospectus supplement and the accompanying prospectus. We have not authorized
anyone to provide you with information different from that contained in this prospectus supplement and the accompanying prospectus. We are
offering to sell Notes and making offers to buy Notes only in jurisdictions where offers and sales are permitted. The information contained in this
prospectus supplement and the accompanying prospectus is accurate only as of the date of this prospectus supplement, regardless of the time of
delivery of this prospectus supplement and the accompanying prospectus or any sale of the Notes.
The information set forth herein, except the information appearing under the heading "Underwriters", is stated on the authority of the President
of the EIB, acting in his duly authorized official capacity as President.
If we use a capitalized term in this prospectus supplement and do not define the term in this document, it is defined in the accompanying
prospectus.
The Notes are offered globally for sale in those jurisdictions in the United States, Canada, Europe, Asia and elsewhere where it is lawful to
make offers. See "Underwriters".
This prospectus supplement and the accompanying prospectus include particulars given in compliance with the rules governing admission of
securities to the official list of and to trading on the Bourse de Luxembourg, which is the regulated market of the Luxembourg Stock Exchange, for
the purpose of giving information with regard to the EIB. This prospectus supplement and the accompanying prospectus do not constitute a
"prospectus supplement" or "prospectus", respectively, within the meaning of the Luxembourg law of July 16, 2019 on securities prospectuses.
The EIB accepts full responsibility for the accuracy of the information contained in this prospectus supplement and the accompanying prospectus
and confirms, having made all reasonable inquiries, that to the best of its knowledge and belief there are no other facts the omission of which would
make any statement herein or in the prospectus misleading in any material respect.
We cannot guarantee that listing will be obtained on the Luxembourg Stock Exchange. Inquiries regarding our listing status on the
Luxembourg Stock Exchange should be directed to our Luxembourg listing agent, Banque Internationale à Luxembourg S.A., 69, Route d'Esch,
L-2953 Luxembourg, Grand Duchy of Luxembourg.
The distribution of this prospectus supplement and prospectus and the offering of the Notes in certain jurisdictions may be restricted by law.
Persons into whose possession this prospectus supplement and the prospectus come should inform themselves about and observe any such
restrictions. This prospectus supplement and the prospectus do not constitute, and may not be used in connection with, an offer or solicitation by
anyone in any jurisdiction in which such offer or solicitation is not authorized or in which the person making such offer or solicitation is not
qualified to do so or to any person to whom it is unlawful to make such offer or solicitation. See "Underwriters".

S-2
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WHERE YOU CAN FIND MORE INFORMATION
The registration statement, including the attached exhibits and schedules, contains additional relevant information about the Notes. The rules
and regulations of the SEC allow us to omit certain information included in the registration statement from this prospectus.
In addition, we file reports and other information with the SEC under the U.S. Securities Exchange Act of 1934, as amended. You may read
and copy this information at the following location of the SEC:

Public Reference Room
100 F Street, N.E.
Washington, D.C. 20549
You may also obtain copies of this information by mail from the Public Reference Section of the SEC, 100 F Street, N.E., Washington, D.C.
20549, at prescribed rates. You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. All
filings made after December 15, 2002 are also available online through the SEC's EDGAR electronic filing system. Access to EDGAR can be
found on the SEC's website, at http://www.sec.gov.
The SEC allows us to "incorporate by reference" information into this prospectus. This means that we can disclose important information to
you by referring you to another document filed separately with the SEC. The information incorporated by reference is considered to be a part of
this prospectus, except for any information that is superseded by information that is included directly in this document or in incorporated
documents of a later date.
This prospectus supplement incorporates by reference the documents listed below that the EIB previously filed with the SEC. They contain
important information about us. All other documents which the EIB previously filed with the SEC, including those listed under the heading "Where
You Can Find More Information" in the accompanying prospectus, have been superseded by these documents.

FILINGS

Annual Reports on Form 18-K
? For the fiscal year ended December 31, 2018, as filed with the SEC on May 3,
2019 (File No. 001-05001)
? For the fiscal year ended December 31, 2017, as filed with the SEC on May
3, 2018 (File No. 001-05001)
Amendments on Form 18-K/A
? Amendment No. 1 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2018, as filed with the SEC on May 16, 2019 (File No.
001-05001)

? Amendment No. 3 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2018, as filed with the SEC on August 6, 2019 (File No.
001-05001)
? Amendment No. 4 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2018, as filed with the SEC on August 27, 2019 (File No.
001-05001)

? Amendment No. 5 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2018, as filed with the SEC on September 5, 2019 (File
No. 001-05001)

? Amendment No. 6 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2018, as filed with the SEC on October 9, 2019 (File No.
001-05001)
S-3

? Amendment No. 7 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2018, as filed with the SEC on January 14, 2020 (File No.
001-05001)
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? Amendment No. 8 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2018, as filed with the SEC on February 3, 2020 (File No.
001-05001)

? Amendment No. 9 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2018, as filed with the SEC on February 11, 2020 (File
No. 001-05001)

? Amendment No. 10 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2018, as filed with the SEC on March 2, 2020 (File No.
001-05001)

? Amendment No. 11 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2018, as filed with the SEC on March 4, 2020 (File No.
001-05001)

? Amendment No. 12 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2018, as filed with the SEC on April 15, 2020 (File No.
001-05001)
? Amendment No. 1 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2017, as filed with the SEC on July 17, 2018 (File No.
001-05001)

? Amendment No. 3 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2017, as filed with the SEC on August 8, 2018 (File No.
001-05001)

? Amendment No. 4 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2017, as filed with the SEC on September 12, 2018 (File
No. 001-05001)

? Amendment No. 5 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2017, as filed with the SEC on October 10, 2018 (File No.
001-05001)

? Amendment No. 6 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2017, as filed with the SEC on October 30, 2018 (File No.
001-05001)

? Amendment No. 7 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2017, as filed with the SEC on December 6, 2018 (File
No. 001-05001)

? Amendment No. 8 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2017, as filed with the SEC on December 12, 2018 (File
No. 001-05001)

S-4

? Amendment No. 9 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2017, as filed with the SEC on January 15, 2019 (File No.
001-05001)

? Amendment No. 10 to the Annual Report on Form 18-K/A for the fiscal year
ended December 31, 2017, as filed with the SEC on February 21, 2019 (File
No. 001-05001)

The EIB incorporates by reference its Annual Reports filed on Form 18-K, as well as any subsequent amendments thereto filed on Form 18-
K/A to the extent such filings indicate that they are intended to be incorporated by reference. Furthermore, the EIB incorporates by reference any
other future filings made with the SEC to the extent such filings indicate that they are intended to be incorporated by reference.
You can obtain any of the documents incorporated by reference in this document through us, or from the SEC. Documents incorporated by
reference are available from us without charge, excluding any exhibits to those documents incorporated by reference in this prospectus supplement,
by requesting them in writing or by telephone from us at the following address and telephone number:

Capital Markets Department
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European Investment Bank
98-100, Boulevard Konrad Adenauer
L-2950 Luxembourg,
Grand Duchy of Luxembourg
Telephone: (352) 4379-1
If you request any incorporated documents from us, we will mail them to you by first class mail, or another equally prompt means, within one
business day after we receive your request. This prospectus supplement and the accompanying prospectus will be published on the website of the
Luxembourg Stock Exchange at http://www.bourse.lu.

S-5

SUMMARY OF THE OFFERING

The following summary is qualified in its entirety by, and should be read in conjunction with, the more detailed information
appearing elsewhere in this prospectus supplement and the prospectus.

Issuer
European Investment Bank.

Securities Offered
$3,000,000,000 principal amount of 0.625% Notes due 2025 (the "Notes").

Maturity Date
July 25, 2025.

Interest Payment Dates
January 25 and July 25 of each year, commencing July 25, 2020 (short first coupon
for the period from, and including, April 23, 2020 to, but excluding, July 25, 2020).

Interest Rate
0.625% per annum.

Redemption
The Notes are not subject to redemption prior to maturity.

Markets
The Notes are offered for sale in those jurisdictions in the United States, Canada,
Europe, Asia and elsewhere where it is legal to make such offers.
See
"Underwriters".

Listing
Application has been made for the Notes to be admitted to the official list of and to
trading on the Bourse de Luxembourg, which is the regulated market of the
Luxembourg Stock Exchange.

Form, Registration and Settlement
The Notes will be represented by the Global Note registered in the name of Cede &
Co. as nominee for DTC. The Global Note will be deposited with a custodian for
DTC. Except as described in this prospectus, beneficial interests in the Global Note
will be represented through accounts of financial institutions acting on behalf of the
beneficial owners as direct and indirect participants in DTC. Investors may elect to
hold interests in the Global Note through DTC, if they are participants in DTC, or
indirectly through organizations that are participants in DTC. Owners of beneficial
interests in the Global Note will not be entitled to have Notes registered in their
names and will not receive or be entitled to receive physical delivery of definitive
Notes in bearer form. Initial settlement for the Notes will be made in immediately
available funds in dollars. See "Description of Securities--Book-Entry System" in
the accompanying prospectus.

Withholding Tax
The EIB has been advised that under current United States tax law payments of
principal of and interest on the Notes may generally be made by the EIB without
withholding or deduction for United States withholding taxes. For further details
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with respect to this and relevant European tax measures, see under the heading
"Taxation" in the accompanying prospectus.

S-6

APPLICATION OF PROCEEDS
The net proceeds of $2,985,900,000 from the sale of the Notes will be used in the general operations of the EIB, including disbursements of
loans heretofore or hereafter granted by the EIB.

DESCRIPTION OF NOTES
The following description of the particular terms of the 0.625% Notes due 2025 offered hereby (the "Notes", referred to in the accompanying
prospectus as the "Securities") supplements, and to the extent, if any, inconsistent therewith replaces, the description of the general terms and
provisions to the Securities set forth in the accompanying prospectus to which description reference is hereby made. Such descriptions do not
purport to be complete and are qualified in their entirety by reference to the Fiscal Agency Agreement, copies of which are available for inspection
at the Fiscal Agent's office at Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB, United Kingdom, and to the form of Global
Note filed by the EIB with the SEC.
General
The Notes will be issued under a fiscal agency agreement dated as of May 18, 2018 (the "Fiscal Agency Agreement", as described in the
accompanying prospectus), between the EIB and Citibank, N.A., London Branch, as fiscal agent (the "Fiscal Agent").

Interest will be paid on the Notes at the rate set forth on the cover page of this prospectus supplement and will be payable January 25 and July
25 of each year (each, an "Interest Payment Date"), with the initial payment on July 25, 2020 (short first coupon for the period from, and including,
April 23, 2020 to, but excluding, July 25, 2020). The Notes will bear interest from April 23, 2020. The Notes are not subject to any sinking fund or
to redemption prior to maturity. Registration or transfer of Notes will be effected without charge to the holders thereof.

If any Interest Payment Date or the maturity date is a day on which banking institutions are authorized or obligated by law to close in New
York or in a place of payment, then payment of principal or interest need not be made on that Interest Payment Date or the maturity date. The EIB
may make the required payment on the next succeeding day that is not a day on which banking institutions are authorized or obligated by law to
close in New York or in the place of payment. The payment will be made with the same force and effect as if made on the Interest Payment Date or
maturity date and no additional interest shall accrue for the period from the Interest Payment Date or maturity date to the date of actual payment.
Payment of the principal of and interest on the Notes made at the offices of the Fiscal Agent or any paying agent shall be subject in all cases to
any fiscal or other laws and regulations applicable thereto. Consequently, neither the EIB nor any paying agent will make any additional payment
in the event of a withholding tax being required in respect of any payment under or in connection with the Notes. Neither the EIB nor any paying
agent shall be liable to any holder of the Notes or other person for commissions, costs, losses or expenses in relation to or resulting from such
payments. In addition to the Notes, the EIB may issue from time to time other series of securities under the Fiscal Agency Agreement consisting of
notes, bonds, debentures or other unsecured evidences of indebtedness.
The Fiscal Agent will be responsible for:

?
maintaining a record of the aggregate holdings of Notes;

?
ensuring that payments of principal and interest in respect of the Notes received by the Fiscal Agent from the EIB are duly credited to the
holders of the Notes; and

?
transmitting to the EIB any notices from the holders of the Notes.
The Notes shall be governed by, and interpreted in accordance with, the laws of the State of New York, except with respect to authorization
and execution by the EIB which shall be governed by the Statute of the EIB (the "Statute") set forth in a Protocol annexed to the Treaty on the
Functioning of the European Union, as amended or supplemented from time to time (the "Treaty").

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S-7

Payment of Principal and Interest

Interest will be payable to the persons in whose names the Notes are registered at the close of business on the date that is ten calendar days
prior to each Interest Payment Date. The principal of and interest on the Notes will be paid in such coin or currency of the United States as at the
time of payment is legal tender for the payment of public and private debts. The EIB may change or terminate the designation of paying agents
from time to time. Payments of principal and interest at such agencies will be subject to applicable laws and regulations, including any withholding
or other taxes, and will be effected by check, or, under certain circumstances, by transfer to an existing United States dollar account maintained by
such holder with a bank in New York City. Interest will be calculated on the basis of a 360-day year consisting of twelve 30-day months
unadjusted.
The EIB will redeem the Notes on July 25, 2025 at 100% of the principal amount plus accrued but unpaid interest to date.
The EIB shall have the right at any time to purchase Notes in the open market or otherwise. Any Notes so purchased may be resold at the
EIB's discretion if not surrendered to the Fiscal Agent for cancellation.
The Fiscal Agent is not a trustee for the holders of the Notes and does not have the same responsibilities or duties to act for such holders as
would a trustee.
The Notes will be sold in denominations of $1,000 and integral multiples thereof.
Further Issues
The EIB may from time to time, without notice to or the consent of the holders of the Notes, create and issue further notes ranking pari passu
with the Notes in all respects (or in all respects except for the payment of interest accruing prior to the issue date of such further notes or except for
the first payment of interest following the issue date of such further notes) and such further notes shall be consolidated and form a single series with
the Notes and shall have the same terms as to status, redemption or otherwise as the Notes.
Notices
All notices will be published in English in London in the Financial Times, in New York in The Wall Street Journal (Eastern Edition) and, so
long as any of the Notes are listed on the Luxembourg Stock Exchange and the rules of that Exchange so require, on the website of the
Luxembourg Stock Exchange at http://www.bourse.lu. If at any time publication in any such newspaper is not practicable, notices will be valid if
published in an English language newspaper with general circulation in the respective market regions as determined by the EIB. Any such notice
shall be deemed to have been given on the date of such publication or, if published more than once on different dates, on the first date on which
publication is made.

Regarding the Fiscal Agent
Citibank, N.A., London Branch will be acting in its capacity as Fiscal Agent through its office located at Citigroup Centre, Canada Square,
Canary Wharf, London E14 5LB, United Kingdom.

S-8

UNDERWRITERS

Under the terms and subject to the conditions set forth in the underwriting agreement dated April 16, 2020 (the "Underwriting Agreement"),
the underwriters named below (the "Underwriters") have severally agreed to purchase, and the EIB has agreed to sell to them, severally, the
respective principal amount of the Notes set forth opposite their respective names below:
Principal
Amount of
Name

Notes

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Barclays Bank PLC
$1,000,000,000
Citigroup Global Markets Limited
$1,000,000,000
Merrill Lynch International
$1,000,000,000

$3,000,000,000
The Underwriting Agreement provides that the obligations of the Underwriters to pay for and accept delivery of the Notes are subject to,
among other things, the approval of certain legal matters by their counsel and certain other conditions. The Underwriters are obligated to take and
pay for all the Notes if any are taken.
The Underwriters propose initially to offer the Notes to the public at the public offering price set forth on the cover page of this prospectus
supplement.
In order to facilitate the offering of the Notes, Merrill Lynch International (or any person acting for it) as lead stabilization agent (the "Lead
Stabilization Agent") may over-allot the Notes or effect transactions with a view to supporting the market price of the Notes at a level higher than
that which might otherwise prevail. However, there is no assurance that the Lead Stabilization Agent (or any person acting for it) will undertake
stabilization action. Any stabilization action may begin on or after the date on which adequate public disclosure of the terms of the offer of the
Notes is made and, if begun, may be ended at any time, but it must end no later than the earlier of 30 days after the issue date of the Notes and 60
days after the date of allotment of the Notes. Any stabilization action or over-allotment of the Notes must be conducted by the Lead Stabilization
Agent (or any person acting for it) in accordance with all applicable laws and rules.

Certain of the Underwriters and their affiliates engage in transactions with, and perform services for, the EIB in the ordinary course of business
and have engaged, and may in the future engage, in commercial banking and investment transactions with the EIB. In addition, as a result of
upfront payments that may be made by certain of the Underwriters in connection with some of the costs incurred by the EIB in relation to issuance
of the Notes, the actual net amounts received by such Underwriters may be lower than the Underwriters' discounts and commissions set forth in
this prospectus supplement.

The Notes are offered for sale in those jurisdictions in the United States, Canada, Europe, Asia and elsewhere where it is lawful to make such
offers.
Each of the Underwriters has represented and agreed that it and each of its affiliates has not and will not offer, sell or deliver any of the Notes
directly or indirectly, or distribute this prospectus supplement or the prospectus or any other offering material relating to the Notes, in or from any
jurisdiction except under circumstances that will result in compliance with the applicable laws and regulations thereof and that will not impose any
obligations on the EIB except as set forth in the Underwriting Agreement.
In particular, each Underwriter has represented and agreed that:
(i) it and each of its affiliates has only communicated or caused to be communicated and will only communicate or cause to be
communicated any invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and
Markets Act 2000 (the "FSMA")) received by it in connection with the issue or sale of any Notes in circumstances in which section 21(1) of
the FSMA does not apply to the EIB;

S-9

(ii) it and each of its affiliates has complied and will comply with all applicable provisions of the FSMA with respect to anything done by
it in relation to any Notes in, from or otherwise involving the United Kingdom;

(iii) the Notes have not been and will not be qualified for sale under the securities laws of Canada or any province or territory thereof;
(iv) it and each of its affiliates has not offered or sold, and will not offer or sell, any Notes, directly or indirectly, in Canada or to, or for
the benefit of, any resident thereof, except pursuant to available exemptions from applicable Canadian provincial and territorial laws; and
(v) the Notes have not been and will not be registered under the Financial Instruments and Exchange Act of Japan (Act No. 25 of 1948,
as amended) (the "FIEA"), and the Notes will not be offered or sold, directly or indirectly, in Japan or to, or for the benefit of, any resident of
Japan (which term as used herein means any person resident in Japan, including any corporation or other entity organized under the laws of
Japan), or to others for re-offering or resale, directly or indirectly, in Japan or to, or for the benefit of, any resident of Japan, except pursuant
to an exemption from the registration requirements of, and otherwise in compliance with, the FIEA and any other applicable laws, regulations
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and ministerial guidelines of Japan.

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 each manufacturer's product approval process, the target
market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties, professional
clients and retail clients, each as defined in MiFID II; and (ii) all channels for distribution of the Notes are appropriate, subject to the distributor's
suitability and appropriateness obligations under MiFID II, as applicable. Any person subsequently offering, selling or recommending the Notes (a
"distributor") should take into consideration the manufacturers' target market assessment; however, a distributor subject to MiFID II is responsible
for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturers' target market
assessment) and determining appropriate distribution channels, subject to the distributor's suitability and appropriateness obligations under MiFID
II, as applicable.

For the purposes of this provision, the expression "manufacturer" means any Underwriter that is a manufacturer under MiFID II and the
expression "MiFID II" means Directive 2014/65/EU, as amended.
Purchasers of the Notes may be required to pay stamp taxes and other charges in accordance with the laws and practices of the country of
purchase in addition to the issue price set forth on the cover page hereof.
Expenses associated with this offering are estimated to be $175,000.
The EIB has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the U.S. Securities Act of 1933, as
amended.
It is expected that delivery of the Notes will be made against payment therefor on or about April 23, 2020. Trades of securities in the
secondary markets generally are required to settle in two business days, referred to as T+2, unless the parties to the trade agree otherwise.
Accordingly, by virtue of the fact that the initial delivery of the Notes will not be made on a T+2 basis, investors who wish to trade the Notes
before a final settlement will be required to specify an alternative settlement cycle at the time of any such trade to prevent a failed settlement.

S-10

VALIDITY OF THE NOTES

The validity of the Notes will be passed upon by the EIB, acting through its Legal Directorate, and by Cravath, Swaine & Moore LLP,
London, England, U.S. counsel for the EIB, and for the Underwriters by Sullivan & Cromwell LLP, London, England, U.S. counsel to the
Underwriters. In rendering their opinions, Cravath, Swaine & Moore LLP and Sullivan & Cromwell LLP may rely as to matters concerning the
Treaty and the Statute upon the opinion of the Legal Directorate of the EIB. All statements in this prospectus with respect to the Treaty and the
Statute have been passed upon by the EIB, acting through its Legal Directorate.

EXPERTS
The following financial statements of the EIB as of December 31, 2018 and 2017, and for each of the years then ended, have been incorporated
by reference herein (such reference being to the EIB's Annual Reports on Form 18-K for the years ended December 31, 2018 and 2017), in
reliance upon the reports of KPMG Luxembourg, Société coopérative, independent auditors, incorporated by reference herein, and upon the
authority of said firm as experts in accounting and auditing:

(i) the unconsolidated financial statements of the EIB prepared in accordance with the general principles of the Directive 86/635/EEC of the
Council of the European Communities of December 8, 1986 on the annual accounts and consolidated accounts of banks and other financial
institutions, as amended by Directive 2001/65/EC of September 27, 2001, by Directive 2003/51/EC of June 18, 2003 and by Directive
2006/46/EC of June 14, 2006 (the "Directives"),

(ii) the consolidated financial statements of the EIB prepared in accordance with the Directives, and

(iii) the consolidated financial statements of the EIB prepared in accordance with International Financial Reporting Standards as adopted by the
European Union.

GENERAL INFORMATION
https://www.sec.gov/Archives/edgar/data/33745/000095015720000508/form424b5.htm[4/17/2020 12:19:23 PM]

The following information is required by the rules of the Luxembourg Stock Exchange:
1. The issuance of the Notes was duly authorized by the EIB pursuant to the authorization of its Board of Directors on December 12,
2019 and in compliance with procedures laid down by its Management Committee.
2. The Notes have been accepted for clearance through DTC, Euroclear and Clearstream, Luxembourg. The Global Note has been
assigned ISIN No. US298785JD98, CUSIP No. 298785JD9 and Euroclear and Clearstream, Luxembourg Common Code No. 216086619.

3. Annual reports and press notices will be available on the EIB's website www.eib.org. Information available on this website is not, and
shall not be deemed, incorporated by reference herein and does not form a part of this prospectus supplement or the accompanying prospectus.

S-11

Debt Securities

The European Investment Bank from time to time may offer its debt securities denominated in U.S. dollars, in euro, in another currency
of any of the member states of the European Union, in Japanese yen, or in other currencies to be determined at the time of sale. The maximum
aggregate principal amount of securities that may be issued is $12,922,125,000, treating any offering of securities in a currency or currencies other
than the U.S. dollar as the equivalent in U.S. dollars based on the applicable exchange rate at the date of issue.

The securities will be offered from time to time in amounts and at prices and on terms to be determined at the time of sale and to be set
forth in supplements to this prospectus. The securities will be unconditional, direct and general obligations of the European Investment Bank in
accordance with their terms for their payment and performance.

The specific designation, aggregate principal amount and other terms in connection with the offering and sale of each issue of securities
will be set forth in a prospectus supplement. You should read this prospectus and the prospectus supplement carefully.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved the securities
to be issued under this prospectus or determined if this prospectus is accurate or adequate. Any representation to the contrary is a
criminal offense.

The date of this prospectus is May 18, 2018.

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TABLE OF CONTENTS

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Document Outline

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