EIB Fact Sheet EIB’s… Superior shareholder quality and diversification Sovereign-class approach to capital markets E I B F A C T S H E E T … offer investors “The Way to Buy Europe” Long term lending institution of the EU Highest credit quality: • Owned by the 25 Member States of the EU • “Policy-driven public bank”: Mission to • Rated AAA/Aaa/AAA (S&P’s/Moodys/Fitch) • Strong and diversified capital base • Exceptional asset quality: concentration in promote EU policies by financing economically viable investments furthering European integration • World’s largest supranational borrower & lender • 2005 lending amounted to EUR 47. 4 bn, of which 42. 3 bn within the EU Main operational priorities of the Bank for the years 2006 -2008: secured project finance – EU Member States, EU Public Institutions and Community Budget are ultimate obligors for nearly 60% of the loans • 0% risk weight in the new Basel proposal EIB Shareholders: Quality and diversification • Economic and Social Cohesion and Regional Development in the enlarged EU • Implementation of the Innovation 2010 Initiative – ’i 2 i’ (technological innovation) • Development of Trans-European and access networks (notably transport) • Environmental protection and improvement • Support for the SME sector in the EU • Support for EU development and cooperation policies with Partner Countries, particularly in non-EU Mediterranean countries, Africa, the Caribbean & Pacific regions, Asia and Latin America In case of split rating, the highest one has been chosen Financial Highlights (€ bn) • Diversification via joint EU Sovereign -ownership • Share of EU Sovereigns in EIB’s capital closely reflecting their share of GDP in the EU • Over 70% of capital subscribed by AAA-rated sovereigns – comparing favourably with other Supranationals * The 2005 programme was completed as of 04. 11. 05. Funds raised after this date (EUR 2. 9 bn equivalent) are attributed to the 2006 programme June 2006
EIB Borrowing Activities – A sovereign class issuer EIB is the largest Supranational issuer. The Bank’s loan portfolio is funded through bond issues in the capital markets. EIB is one of the largest and most frequent issuers in the international capital markets*. In 2006 the Bank plans to raise up to EUR 55 bn. In 2005 EIB raised EUR 50 bn via 15 different currencies. The magnitude of this volume of issuance is similar to that of EU Governments. EIB’s funding activities combine benchmark issuance with tailor-made issuance responding to specific investor requirements 2005 Issuance – split by currency Award-Winning issuer The market’s positive reception for the Bank’s funding strategy and activities in 2005 was reflected by awards, as voted by market participants in the Euro. Week poll, including ‘Most Impressive’, ‘Most Innovative’ and ‘Best Supranational/Agency’ Borrower, for the second consecutive year. *Source: IFR, Top 250 June 2005 Benchmark issuance in euros: comprehensive curve from 3 to 30 years ü EIB’s funding policy benefits from more than 30 years of issuance experience in European currencies encompassing the Euro and its predecessors. ü Immediately after inception of the euro in 1999, EIB arranged a large-scale programme for the regular issuance of benchmark transactions in the new currency: the Euro Area Reference Notes (EARNs) Programme. üCurrently, the EARNs curve offers EUR 5 bn benchmarks with maturities from 2007 to 2037 (12 issues, accounting for EUR 62 billion outstanding). üEARNs are traded in the “Eurobenchmark” segment of Euro. MTS, the leading inter-dealer electronic platform, alongside the most liquid Government bonds. EIB bonds are also listed on major stock exchanges, other electronic platforms and are actively traded in the OTC market. Tailor-made issuance: one of the most innovative and frequent issuers üEIB is a large issuer of tailor-made bonds in plain vanilla or structured format, with a flexible approach in terms of product, maturity, currency and size. üThe Bank has a well established track record in issuing a wide range of innovative structures including callables, swap rate linked, currency linked, inflation linked or interest rate linked structures. ü In 2005 the Bank’s tailor-made issuance raised EUR 10, 773 m equivalent (22% of total issuance), mainly in EUR and USD, but also in a variety of other currencies, including GBP and JPY. ü A particular highlight last year was the exceptional volume of structured issuance in EUR, raising EUR 7, 625 m – over double the amount in 2004, driven by high demand for yield enhancing interest rate structures among European investors. Only issuer with such comprehensive curves Secondary market liquidity: EUR, USD and GBP Supported by electronic trading on leading platforms such as Euro-MTS, Trade. Web and Bondvision. EUR: Unique complement to sovereigns in EUR 5 bn size from 3 to 30 years Transparency: GBP: Largest non-Gilt issuer in 2005* Dedicated pages on Bloomberg and Reuters (EIB<GO> and EIBEARN 01). USD: Largest non-US issuer in 2005* Contacts: Investor Enquiries: Carlos Ferreira da Silva ( Funding in € ); + 352 4379 6218, c. ferreira@eib. org Aldo M. Romani (Funding in €); +352 4379 6230, a. romani@eib. org Media Enquiries: Peter Munro; +352 4370 6264, p. munro@eib. org Web Site: www. eib. org *Source: International Issuance League Table, Dealogic, 2005 June 2006
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