Luxembourg, 19/06/2003 (Agence Europe) - The European Investment Bank today priced its fifth global €5 billion issue under the Euro Area Reference Note (“EARN”) programme. The 10 year bonds, carrying an annual coupon of 3.625% and a final maturity date of 15th October 2013, were re-offered at a spread of 17 bps over the Bund 4.5% due January 2013. This equates to a curve adjusted spread of 7bps over the Bund curve which represents the tightest margin over German government bonds ever achieved by a supranational / agency issuer on a €5 billion EuroMTS eligible transaction. Bookrunners for the transaction were Citigroup, Deutsche Bank, and Nomura. Senior Co-Leads were Barclays Capital, BNP Paribas, CSFB, Dresdner Kleinwort Wasserstein, HSBC, JP Morgan, Morgan Stanley, Société Générale and UBS. Co-Leads were ABN AMRO, CDC-Ixis, Crédit Agricole Indosuez, Goldman Sachs, ING, Lehman Brothers, Merrill Lynch, and UniCredito Banca Mobiliare. Sellling Group members were Banca Akros, Bank Pekao and Nordea. Formal bookbuilding for the new “on-the-run” sovereign class 10 year benchmark began on Tuesday 10th June. Over 150 investors world-wide participated in the bond issue, which was negotiated immediately on the secondary market trading in the issue via EuroMTS. With this issue the EIB has now raised the equivalent of approximately € 31 billion in the international capital markets.