EIB priced new USD 5 billion Global benchmark issue in the 3-year sector

21-5-2013 — /europawire.eu/ — The European Investment Bank (‘EIB’) priced a new Global benchmark issue in the 3-year sector. This is EIB’s second 3-year US Dollar Global and fourth US Dollar Global of the year. The transaction was priced at mid-swaps +4 basis points, in line with initial guidance. The issue pays a semi-annual coupon of 0.500% and has an issue price of 99.804% to give a spread of 21.35 basis points over the 0.250% UST due 15 May 2016.

The transaction was announced early in the London afternoon on Tuesday 7 May, with EIB taking indications of interest at mid-swaps plus 4 basis points. The deal size was set at USD 5 billion and the spread set at mid swaps +4 basis points.

With this issue, EIB has raised over EUR 48 billion or 69% of its programme target of EUR 70 billion in 2013.

Lead Managers for the transaction were Citigroup, Deutsche Bank and Goldman Sachs. Co-managers on the offering were Bank of America Merrill Lynch, Credit Suisse, HSBC and Scotiabank.

Summary Terms and Conditions for the new bond issue:

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, approved on 31 December 2012 a fully paid in EUR 10bn capital increase.

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