European Investment Bank gains consents for rate modification

Chicago, Dec. 8 – European Investment Bank successfully concluded a consent solicitation for three zero-coupon bonds, according to a notice.

The consent solicitation started Nov. 27.

The bonds which are being amended are the:

• $50 million series 1733 zero-coupon bonds due 2040 (ISIN: XS0516445060);

• $50 million series 1734 zero-coupon bonds due 2040 (ISIN: XS0516445227); and

• $300 million series 1746 zero-coupon bonds due 2040 (ISIN: XS0526752190).

All of the bonds have a switch option to a floating rate and a restructuring option to zero coupon.

The prevailing interest rate on all three bonds is zero coupon. The next switch date or next restructuring date is June 17, 2024 for the first two bonds and July 26, 2024 for the third bond.

Citibank Europe plc, in its capacity as common depositary and legal holder of all of the bonds in each series, acting on behalf of the beneficial owners of all of the bonds confirmed that all of the beneficial holders consented to the amendment of the relevant conditions for a modification in the interest rate related to the cessation of Libor.

Citibank, NA, London Branch was the consent and tabulation agent.

The lender for the European Union is based in Kirchberg, Luxembourg.

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