| Free Writing Prospectus | Filed Pursuant to Rule 433(d) |
| Dated March 1, 2006 | Registration Statement No. 333-130289 |
European Investment Bank
AUD 500,000,000 Zero Coupon Notes due 2021
Final Term Sheet
| Issuer | European Investment Bank |
| Rating | AAA/Aaa/AAA |
| Currency/Size | AUD 500,000,000 |
| Settlement | 10 Mar 2006 |
| Maturity | 10 Mar 2021 |
| Coupon | The Notes do not bear interest |
| Reoffer | 44.672% |
| Yield | 5.445% semi-annual; 5.519% annual |
| Spread | 15-yr Ref yield + 0.215% |
| 15-yr Ref yield (6% due 15 Feb 2017) | 5.23% |
| Denomination | AUD 1,000 |
| Lead | The Toronto-Dominion Bank |
You can access the prospectus for the registration statement at the following website:
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-263-5292.
