Choice of Home Member State under the European Transparency Directive
The Council of Europe Development Bank has chosen the Grand Duchy of Luxembourg as home Member State and thus the "Commission de Surveillance du Secteur Financier" ("CSSF") as competent authority in terms of the Luxembourg Law of 11 January 2008 relating to the transparency obligations concerning information on issuers whose securities are admitted to trading on a regulated market and implementing the Transparency Directive 2004/109/EC (the "Law"), to the extent that the Law applies to a public international body of which at least one Member State of the European Union is a member, as it is the case for CEB.
A capital increase for the CEB
The Council of Europe Development Bank’s Governing Board, following a recommendation by its Administrative Council, approved CEB’s 6th capital increase on 4 February 2011. The capital increase took effect on 31 December 2011 after the required subscription threshold of 67% had been reached. The period for the participation in the capital increase ended on 31 December 2012. By that date, 38 countries, representing 98% of the Bank’s capital, had subscribed to the capital increase. As a consequence of the capital increase, CEB’s subscribed capital rose by 65% from € 3.3 billion to € 5.5 billion. The paid-in capital rose by the same percentage from € 370 million to € 612 million through an incorporation of reserves, maintaining the share of paid-in capital at 11.19% of subscribed capital.
"Council of Europe Development Bank Flippable Bonds Linked to CMS Rates due 2025"
Notice is hereby given to all the holders of the "Council Of Europe Development Bank Flippable Bonds Linked to CMS Rates due 2025" that with effect from the payment date of 17 October 2012 the issuer, Council of Europe Development Bank, will exercise the flip option in accordance with Article 6 of the Terms and Conditions of the bonds (Regolamento). As a consequence, from that date the bonds will bear interest at a floating rate equal to 6-month EURIBOR plus a spread of 0.25% payable semi-annually in arrear on 17 April and 17 October of each year until the Redemption Date.
A copy of the Terms and Conditions (Regolamento) is available to the public at the offices of the Issuer, Borsa Italiana and Citibank N.A., Milan branch.
Early Redemption of Notes issued under CEB’s EMTN Programme
Council of Europe Development Bank has decided to exercise the early redemption option contained in the Pricing Supplement dated 26 February 2002 and Conditions 6.2 and 6.3 of the Terms and Conditions of the Notes (Optional Early Redemption (Call)) in respect of its USD 20,000,000 6.185 per cent. Callable Notes due 2022 (ISIN XS0143409471, Series No. 316) with effect as of 27 February 2014. The Notes were listed on the Luxembourg Stock Exchange.