EIB: EIB issues new SEK Climate Awareness Bond

For immediate release 
13 November 2012          EIB Contacts   Richard Teichmeister +352 4379 86206   
                                     Elwira Zultak +352 4379 86216          
EIB issues new SEK Climate Awareness Bond 
Today the European Investment Bank (EIB), the long-term lending arm of the
European Union, announced the completion of a new SEK (Swedish Krona) 750m
Climate Awareness Bond (CAB) due November 2023. The transaction is the second
new CAB line launched by the EIB in 2012. In the year to-date, Climate
Awareness Bonds have raised the equivalent of EUR 350m through 4 SEK-denominated 
EIB CABs provide investors with the opportunity to finance projects
contributing to climate protection, while enjoying an attractive spread over
the relevant Swedish government bond, combined with high credit quality. The
funds raised via Climate Awareness Bonds are used for disbursement to projects
financed by EIB within fields of renewable energy and energy efficiency. Such
financing lies at the heart of the EIB's energy investment and contributes to
making Europe's energy supplies more sustainable, competitive and secure. EIB
lending for renewable energy and energy efficiency has grown over the last few
years to reach EUR 7bn in 2011. 
The transaction was marked by strong interest from Scandinavian investors
(taking over 50% the issue), with Asian and other European accounts also
providing significant demand. Fund managers and bank treasuries dominated the
Investor allocation: 
By Geographical Region                   By Investor Type                     
Scandinavia: 51%                         Fund Managers 54%                    
Asia: 27%                                Bank Treasuries 41%                  
Europe ex-Scandinavia: 22%               Retail/Private Banks: 5%             
Joint bookrunners for the transaction were Danske Bank A/S and HSBC. 
Comments on the issue: 
Bertrand de Mazières, Director General of Finance, at the EIB, said: "This is
EIB's second successful SEK-denominated CAB in 2012. The issue underscores
EIB's responsive approach in providing investors with credible climate related
products. Capitalising on demand from a wide range of international and
domestic investors, EIB has established a new benchmark bond on its SEK curve
at an attractive spread over the Swedish government bond with the same
Laurits Engstrom, Global Head of Local Currency Syndicate at Danske Bank, said
"We are starting to see more and more focus from domestic as well as
international investors on climate friendly offerings. Investors are
establishing a firm standpoint and saying yes to green! Besides the obvious
appeal of the climate awareness offering the current spread between EIB and the
underlying government bond is still considered attractive by many investors, so
the recent 11y Swedish government bond introduced in October provided a natural
reference point for us." 
Nils Bachmann Hansen, Local Currency Syndicate at HSBC, said: "With this 11
year SEK print, the EIB impressed by both successfully extending its SEK
Climate Awareness Bond curve and by creating a complement to the very recent
SGB #1057. The initial demand came out of the Asian hemisphere. However, the
bond saw a tremendous response from a diverse group of investors, with
Scandinavian accounts taking the lion's share of the issue. This truly was a
testament to EIB's broad appeal and the increasing interest in Social
Responsible Investments." 
Summary Terms and Conditions for the new bond issue: 
Issue Amount          SEK 750m                                             
Pricing Date          31 October 2012                                      
Payment Date          13 November 2012                                     
Maturity Date         13 November 2023                                     
Issue Price           99.137%                                              
Coupon                2.750%                                               
Re-offer Spread       SEK MS + 71bps or                                    

                      SGB 1.50% due 13 Nov 2023 (SGD #1057) + 115bps      

Format                Under the EIB's Debt Issuance Programme              
Listing               Luxembourg                                           
Notes to Editors: 
Climate Awareness Bonds (CABs) 
Proceeds from the Climate Awareness Bond issues are earmarked for disbursement
to EIB lending projects within the fields of renewable energy and energy
efficiency, which include, but are not limited to: 
* renewable energy projects such as wind, hydro, solar and geothermal energy 

    production; and
      * energy efficiency projects such as district heating, co-generation,
    building insulation, energy loss reduction in transmission and distribution
    and equipment replacement.

Pending disbursement, the proceeds are kept in a separate sub-portfolio of
EIB's treasury and are invested in money market instruments. 
EIB provides transparency on the Climate Awareness Bonds through its annual
reporting and a periodical investor newsletter. 
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. 
Not for distribution in or into the US - This press release does not constitute
an offer for sale of the securities described. The offering and sale of the
securities described in this document are subject to restrictions under the
laws of several countries. Securities may not be offered or sold except in
compliance with all such laws. 
-0- Nov/14/2012 10:50 GMT
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