natgillin/translations-raw huggingface dataset:
Issuance in EUR (EUR 19.3bn or 39% of total funding) accounted for the largest share of funding, followed by USD (EUR 14.3bn equivalent or 29%) and GBP (EUR 10.1bn equivalent or 20%).
Izdaje v EUR (19,3 mrd EUR ali 39 % celotnih sredstev) so predstavljale največji delež financiranja, ki mu sledi USD (14,3 mrd v protivrednosti EUR, ali 29 %) ter GBP (10,1 mrd EUR protivrednosti ali 20 %).
The three core currencies (EUR, GBP, USD) thus together accounted for 88% of funding.
Te tri glavne valute (EUR, GBP, USD) so torej skupaj predstavljale 88 % sredstev.
Currency diversification continued with issuance in 12 additional currencies (EUR 6.1bn equivalent or 12% of funding).
Valutna diverzifikacija se je nadaljevala z emisijo v 12 novih valutah (protivrednost 6,1 mrd EUR ali 12 % sredstev).
The market’s positive reception of the Bank’s funding strategy was reflected in the Euroweek poll, where market participants voted the EIB the ‘Most Impressive’ and ‘Most Innovative’ borrower as well as ‘Best Supranational/Agency’ borrower, for the second consecutive year.
Pozitivna percepcija Bankine strategije financiranja se odraža v anketi Euroweek, v kateri so udeleženci na trgu zapisali, da je EIB ‘najizrazitejši’ in ‘najinovativnejši’ posojilojemalec, že drugo leto zapored pa tudi‘najboljši nadnacionalni’posojilojemalec in tudi za Agencije.
Unique presence across core currencies comprising two USD 3bn issues in the 3-year tenor, two USD 3bn 5-year issues and a USD 1bn issue in the particularly exigent 10-year maturity, thereby providing regular refreshment of its yield curve.The Bank also issued two Eurodollar bonds totalling USD 2 250m, and structured transactions amounting to USD 2.9bn (EUR 2.3bn).
Edinstvena prisotnost v ključnih valutah za posebej zahtevno 10-letno odplačevanje, s čimer je redno osveževala krivuljo donosa. Banka je izdala tudi dve evrodolarski obveznici v višini 2.250 mio USD, strukturirani posli pa so znašali 2,9 mrd USD (2,3 mrd EUR).
The EIB continued to deliver benchmark liquidity across the three core currencies and is the sole issuer to offer such comprehensive yield curves with such liquid issue sizes across EUR, GBP and USD.
EIB je še naprej zagotavljala referenčno likvidnost v treh glavnih valutah in je edini izdajatelj, ki ponuja tako ugodne krivulje donosa s takšnim obsegom likvidnih emisij v EUR, GBP in USD. Na trgu EUR, kjer je Banka najela 19,3 mrd EUR, je cementirala posebno neomejeno pozicioniranje s širitvijo in obnovo krivulje donosa z odplačilnimi dobami 30 in 10 let.
The Bank thereby became the only borrower to complement sovereigns with outstanding benchmark issues of EUR 5bn size from 3 years out to 30 years.
Banka je torej postala edini posojilojemalec, ki dopolnjuje neomejena posojila z odprto referenčno izdajo 5 mrd EUR za obdobje od 3 do 30 let.
At end-2005 an aggregate amount of EUR 62bn in EARNs (Euro Area Reference Notes) was outstanding.
Na koncu leta 2005 je ostal neodplačan znesek 62 mrd EUR v EARN (Referenčna obvestila za evro območje).
In GBP, the Bank underscored its status as the leading non-gilt issuer by raising GBP 6.9bn (EUR 10.1bn).
V GBP je Banka okrepila svoj status vodilnega izdajatelja dolžniških papirjev z najemom 6,9 mrd GBP (10,1 mrd EUR).
There was benchmark issuance in 11 maturities (2 years to 13 years), illustrating a careful approach to maintaining the curve, which extends out to the 50-year area.
Referenčne izdaje so bile v 11 različnih dospelostih (2 do 13 let), kar odslikava previdno vzdrževanje krivulje čez 50-letni razpon.
Of particular note were the issuance in two new maturities (a 7-year and a 10-year issue) and the increase of four issues (in maturities ranging from 2007 to 2013) to full benchmark status, with a size of GBP 1bn.
Posebej velja omeniti izdaje v dveh novih dospelostih (7-letne in 10-letne emisije) in povečanje štirih izdaj (z dospelostjo v razponu od 2007 do 2013) do polnega referenčnega statusa z obsegom 1 mrd GBP.
Responsive tailor-made programme pleted as of 04.11.05.
Program prilagajanja povpraševanju čen dne 4.11.05.
Funds raised after this date to year end (EUR 2.9bn equivalent) are attributed to the 2006 programme.
Sredstva, pridobljena po tem datumu do konca leta (protivrednost 2,9 mrd EUR) so namenjena programu za leto 2006.
The financial statements in the Financial Report include figures for the calendar year.
Finančni izkazi v Finančnem poročilu zajemajo podatke za koledarsko leto.
2 currency
2 Vir: Tabele dealoške lige – medna-
2 Source: Dealogic League Tables - responsive approach in challenging market conditions.
Banka se je na področju emitiranja močno prilagodila spreminjajočim se vzorcem povpraševanja. Omeniti velja obseg izdaj v strukturiranem formatu, kjer je Banka najela za 11 mrd EUR protivrednosti (22 % vseh izdaj), v glavnem v EUR in
In tailor-made issuance, the Bank remained highly responsive to changing patterns of demand.
V USD je Banka najela znesek 18,3 mrd USD (14,3 mrd EUR) v letu 2005 in tako postala največji izdajatelj zunaj ZDA na mednarodnih trgih v tej valuti2.
International Issuance in USD.
Banka je izdala pet Globalnih kazalcev, ki obsegajo dve izdaji po 3 mrd USD za triletno obdobje, dve izdaji po 3 mrd USD za petletno obdobje in 1 mrd USD rodne izdaje v USD.
Sovereign Debt Markets in the EU Mediterranean Partner Countries - 2005
Trgi državnih dolžnikov v sredozemskih partnerskih državah EU - 2005
Of particular note was the strength of issuance in structured format, where the Bank raised EUR 11bn equivalent (22% of total issuance), mainly in EUR and USD, but also in GBP and JPY.
USD, pa tudi v GBP in JPY.
A particular highlight was the exceptional growth of structured issuance in EUR, raising EUR 7.6bn – over double the amount in 2004, driven by high demand for yield-enhancing interest rate structures among European investors.
Poseben poudarek je bil na izjemnem porastu strukturirane izdaje v EUR na 7,6 mrd EUR, kar je več kot dvakratni znesek od leta 2004 in je posledica velikega povpraševanja evropskih investitorjev po obrestni meri, ki zvišuje donos.
Outside its 3 core currencies, the Bank raised EUR 6.1bn equivalent via 12 additional currencies, reflecting the continued pursuit of currency diversification.
Poleg 3 glavnih valut je Banka najela 6,1 mrd v protivrednosti EUR v 12 dodatnih valutah, kar odraža nenehno prizadevanje za diverzifikacijo valut.
EIB bonds: “The Way to Buy Europe”
EIB obveznice: „Kako kupiti Evropo“
New EU Member State and Accession Country currencies
Valute novih držav članic EU in pristopnic
Joint EU sovereign ownership underpinning top-class credit quality, as well as a strategic approach to markets, offer investors an attractive “Way to Buy Europe”.
Skupno EU neomejeno lastništvo z najvišjo kakovostjo posojil, kakor tudi strateški pristop k trgom, pošilja investitorjem privlačno vabilo „Kako kupiti Evropo“.
The EIB has taken a particular interest in fostering the development of the markets of the new EU Member States, Acceding and Accession Countries, which also complements the Bank’s lending in these countries’ currencies.
EIB se je posebej zavzela za spodbujanje razvoja trgov v novih državah članicah EU, državah pristopnicah in državah, ki bodo pristopile, kar dopolnjuje bančno kreditiranje v valutah teh držav.
Since 1996, when the EIB launched its first issue in these currencies, the Bank has over recent years become one of the largest non-government issuers in the region.
Od leta 1996, ko je EIB lansirala prvo izdajo v teh valutah, je v zadnjih nekaj letih postala ena največjih ne-vladnih izdajateljev v regiji.
In 2005, the Bank continued to be a leading complement to government bonds in currencies of the new Member States and Accession States, raising a total of EUR 1 518m equivalent (in HUF, PLN and TRY).
V letu 2005 je Banka ostala vodilna dopolnitev vladnim obveznicam v valutah novih držav članic in pristopnic ter skupno zbrala 1.518 mio v EUR protivrednosti (v HUF, PLN in TRY).
The Bank underscored its reputation for opening new doors in these markets by seizing an opportunity to build the first-ever yield curve in Turkish lira going out to 10 years, with eight bonds maturing between 2006 and 2015.
Banka je okrepila svoj ugled z odpiranjem novih vrat na teh trgih, ko je izkoristila priložnost za oblikovanje prve krivulje donosa sploh v turških lirah dospelost do 10 let, z osmimi obveznicami dospelosti od 2006 do 2015.
Also, the TRY 2007 issue became the largestTurkish lira bond in the international market at that time.
Poleg tega je postala TRY 2007 največja izdaja obveznic v turških lirah na mednarodnem trgu v tistem obdobju.
Other European currencies
Nadaljevale so se izdaje v NOK (300 mio NOK/38 mio EUR).
The EIB’s ownership by all EU sovereigns means its bonds offer a unique and diversified sovereignclass investment.
EIB lastništvo z vsemi EU suvereni pomeni, da njene obveznice ponujajo edinstveno in diverzificirano investiranje suverenega razreda.
The Bank is rated AAA by the three major rating agencies, which uniformly assign a stable outlook to the EIB.
Tri vodilne agencije so Banko uvrstile v AAA in so ji soglasno priznale stabilno perspektivo.
The well-established funding strategy, involving a strong focus on liquidity and transparency, combines comprehensive benchmark programmes in the Bank’s three core currencies (EUR, GBP and USD) with frequent tailor-made issuance across a wide range of currencies and products.
Zelo uveljavljena strategija financiranja z močnim poudarkom na likvidnosti in preglednosti kombinira obsežne referenčne programe v treh glavnih valutah Banke (EUR, GBP in USD) s pogostimi prilagojenimi emisijami v širokem razponu valut in produktov.
The EIB is one of the largest and most frequent borrowers in the international capital markets.
EIB je ena največjih in najpogostejših posojilojemalk na mednarodnih kapitalskih trgih.
In 2005 it issued an aggregate of EUR 50bn.
V letu 2005 je bila skupna izdaja v višini 50 mrd EUR.
This volume of issuance is of a similar order of magnitude to that of EU governments.
Ta obseg izdaj je primerljiv z izdajami vlad EU.
The Bank has contributed to the development of capital markets in currencies of new Member States and Acceding/Acces-sion Countries, where issuance in local currencies also supports the development of lending activities.
Banka je prispevala k razvoju kapitalskih trgov v valutah novih držav članic in držav, ki pristopajo/pristopnicah, kjer izdajanje v lokalni valuti prav tako podpira posojilno dejavnost.
This developmental work also extends to selected EU partner countries, complementing the Bank’s development role.
Ta razvojna dejavnost se širi tudi na izbrane države partnerice EU in dopolnjujejo razvojno vlogo Banke.
Capital Markets team receives prizes in Euroweek poll
Skupina za kapitalske trge prejela nagrade v anketi Euroweeka
Borrowings signed and raised in 2005 vs 2004
Podpisana in prejeta posojila v letu 2005 v primerjavi z 2004
(EUR million)
(EUR milijonov)
Before swaps:
Pred menjavo:
Funds raised after this date (EUR 2.9bn equivalent) are attributed to the 2006 programme.
Sredstva, pridobljena po tem datumu do konca leta (protivrednost 2,9 mrd EUR) so namenjena programu za leto 2006.
Borrowing activity 2001-2005: EUR 212bn
Posojilna dejavnost v obdobju 2001-2005: 212 mrd EUR
The EIB consolidated its role as a prominent issuer in the Asia/Pacific markets, where it issued across JPY, AUD and NZD for a total of EUR 3 120m equiv-alent.
EIB je utrdila svojo vlogo izvrstnega izdajatelja na azijskih/tihomorskih trgih, kjer je izdajala v JPY, AUDin NZDvskupni protivrednosti 3.120 mio EUR.
The largest amount was in JPY, where the Bank raised JPY 183bn (EUR 1 352m).
Največji znesek je bil v JPY, kjer je Banka najela za 183 mrd JPY (1.352 mio EUR).
Of particular note was the Bank’s debut in the Yen Global market, with a JPY 100bn 12-year issue, which reopened the Yen Global market for supranational issuers.
Omeniti velja prodor Banke na jenski globalni trg z 12-letno izdajo 100 mrd JPY, kar je ponovno odprlo jenski globalni trg za nadnacionalne izdajatelje.
Australian dollars and New Zealand dollars also provided a large funding volume, driven by strong growth in NZD issuance (raising NZD 1 900m/EUR 1 077m), more than doubling 2004 levels.
Avstralski in novozelandski dolarji so tudi predstavljali velik obseg financiranja po močnem porastu emisij v NZD (1.900 mio NZD/1.077 mio EUR), kar je več kot podvojilo raven iz leta 2004.
0 * Funds raised under the 2005 programme.
0 * Sredstva, pridobljena v okviru programa za leto 2005
Other novelties included the debut in Latin American currencies, with the launch of 6 transactions in Mexican peso, raising MXN 2.4bn (EUR 183m).
Med novostmi je tudi debitiranje latinskoameriških valut z lansiranjem 6 poslov v mehiških pesosih v višini 2,4 mrd MXN (183 mio EUR).
As in 2004, there were a number of innovative issues via synthetic currency format in markets where the currency is not fully convertible.
Kot v letu 2004, so bile številne inovativne izdaje v sintetičnem valutnem formatu na trgih, kjer ta valuta ni povsem konvertibilna.
In 2005, this approach was used for the first time in Brazilian real and again in Russian rouble.
V letu 2005 so ta pristop prvič uporabili v brazilskih realih in tudi v ruskih rubljih.
The Bank made further progress in contributing to capital markets development in certain EU partner countries.
Banka je dosegla nadaljnji napredek s prispevkom k razvoju kapitalskih trgov v nekaterih državah partnericah EU.
In particular, it maintained a leadership role in South African rand, raising ZAR 1 750m (EUR 219m), and also extended its Euromarket bond issuance in other African currencies with the launch of a synthetic Botswana pula bond.
Predvsem je ohranila vodilno vlogo v južnoafriškem randu v obsegom 1.750 mio ZAR (219 mio EUR) in tudi razširila izdajo obveznic Euromarket v drugih afriških valutah z lansiranjem sintetičnih obveznic v botsvanskih pulah.
This issue was the first to be linked to this currency and launched by a AAA-rated issuer (and booked under pre-funding of the 2006 programme).
Ta izdaja je bila prva vezana na to valuto; lansiral jo je izdajatelj s stopnjo AAA (in knjižil kot prefinanciranje programa iz leta 2006).
A partner to the European and development institutions
Partnerstvo z evropskimi in drugimi mednarodnimi finančnimi ustanovami
A constant dialogue with the European institutions that prepare, propose and decide on the Union’s policies is crucial for the EIB, which operates on the basis of guidelines laid down by its shareholders in the Board of Governors and in the framework of the European Council of Ministers.
Stalen dialog z evropskimi ustanovami, ki pripravljajo, predlagajo in odločajo o politiki Unije, je ključnega pomena za EIB, ki posluje na podlagi smernic, ki jih določijo njeni delničarji na Svetu guvernerjev in v okviru Evropskega sveta ministrov.
Cooperation with the other EU institutions (including the Council of Ministers) was intensive in 2005.
Sodelovanje z drugimi ustanovami EU (med drugim s Svetom ministrov) je bilo v letu 2005 intenzivno.
The EIB continued to contribute to the work of the ECOFIN Council on a regular basis, by participating in the Council meetings and by making its capital investment financing expertise available, not only to ECOFIN’s preparatory bodies but also to several committees and working groups coordinating and preparing the work of other Council configurations.
EIB je še naprej redno prispeval k delu Sveta ECOFIN z udeležbo na sestankih Sveta in posredovanjem strokovnega znanja in izkušenj s kapitalskim investiranjem ne samo pripravljalnim telesom ECOFIN-a, temveč tudi različnim odborom in delovnim skupinam, ki usklajujejo in pripravljajo delo drugih sestavov Sveta.
2007-2013 programming cycle, with the objective of developing new synergies and complementarities between the operations of the Bank and those of the Commission.
medsebojnem dopolnjevanju Banke in Komisije pri njunem delu.
The most significant development in this context is JASPERS (Joint Assistance to Support Projects in European Regions), an ambitious technical assistance partnership between the Commission (DG REGIO) and the EIB, and also involving the EBRD, aimed at supporting the successful implementation of EU cohesion policy.
Najpomembnejša novost v tem okviru je JASPERS (Joint Assistance in Supporting Projects for European Regions – skupna podpora projektov za evropske regije), ambiciozno partnerstvo za tehnično pomoč Komisije (DG REGIO) in EIB, v katerega je vključena tudi EBRD, namenjeno pa je pomoči pri uspešnem izvajanju kohezijske politike EU.
Both the spring 2005 European Council, which reviewed the implementation of the Lisbon Agenda, and the December 2005 Council, which discussed the 2007-2013 EU budget, underlined the continuing importance of the Bank’s role.
Poleg tega sta EIB in Komisija (DGTREN) podpisali Memorandum o soglasju, v katerem sta potrdili okvir za sodelovanje na področju politike in investiranja v transport in energetiko, zlasti za razvoj vseevropskih omrežij.
In this context, the Council called on the EIB to extend its Structured Finance Facility to research, development and innovation projects and, together with the Commission, explore new ways of using Community funds as levers for EIB loans.
Na spomladanskem zasedanju Evropskega sveta leta 2005, kjer so pregledali izvajanje lizbonske agende in na njegovem zasedanju decembra 2005, ko so razpravljali o evropskem proračunu za obdobje 20072013, so poudarili, da ostaja vloga Banke še naprej zelo pomembna.
The Council also urged the European Investment Fund to diversify its financing of innovative small and mediumsized enterprises through individual-investor (business angel) and technol-ogy-transfer networks.
V tem okviru je Svet povabil EIB, naj razširi Strukturiran finančni sklad na projekte raziskav, razvoja in inovacij ter skupaj s Komisijo preuči nove načine uporabe sredstev Skupnosti kot vzvodov za posojila EIB.
Also, a Memorandum of Understanding was signed by the EIB and the Commission (DGTREN), confirming the framework for cooperation on policy and investment in transport and energy, notably for the development of Trans-European Networks.
Svet je tudi pozval Evropski investicijski sklad k diverzifikaciji financiranja inovativnih malih in srednje velikih podjetij prek omrežij za individualne investitorje (poslovni angel) in za prenos tehnologije.
Working in partnership with the European Commission
Delo v partnerstvu z Evropsko komisijo
Operational cooperation with the European Commission is traditionally strong, but has been particularly intensive for the preparation of the
Operativno sodelovanje z Evropsko komisijo je bilo od nekdaj zelo močno, še bolj pa se je okrepilo med pripravo programskega kroga 20072013, ki je namenjen oblikovanju novih sinergij in
The EIB Group and the Commission have been working on a number of proposals for joint initiatives: the Risk-Sharing Finance Facility (RSFF), the EU loan guarantee instrument for TEN-Transport projects , the Joint European Resources for Micro- to-Medium Enterprises (JEREMIE) and the Tech-
Skupina EIB in Komisija obravnavata številne predloge za skupne pobude: Sklad za skupno tveganje (RSFF), Garancijski sklad Skupnosti za TEN-Transport (CGIT), Skupna evropska sredstva za mikro in srednja podjetja (JEREMIE) in Pospeševalnik za prenos tehnologije (TTA).
EIB Group cooperation with EU Commission: proposed major initiatives
Okvir. Sodelovanje Skupine EIB z Evropsko komisijo: predlogi večjih pobud
➾ Risk Sharing Finance Facility (RSFF)
➾ Sklad za skupno tveganje (RSFF)
A facility managed by the EIB and supported from the budget of the 7th Research Framework Programme 2007-2013 (FP7).
Sklad, s katerim upravlja EIB, s proračunsko podporo iz 7. Okvirnega programa za raziskave 2007-2013 (FP7).
The EU funding will increase the reserves for provisioning and capital allocation for Structured Finance Facility operations and stimulate major European RDI projects and research infrastructures.
EU financiranje bo povečalo rezerve za preskrbo in dodeljevanje kapitala za posle iz Strukturiranega finančnega sklada in spodbudilo večje evropske R & R projekte in raziskovalno infrastrukturo.
The RSFF initiative was initially proposed at the spring 2005 European Council.
Pobudo RSFF je prvotno predlagal Evropski svet na svojem zasedanju spomladi leta 2005.
A facility managed by the EIB and supported under the new TEN-Transport Financial Regulation over the period 20072013.
Sklad, s katerim upravlja EIB in temelji na novi UredbiTEN-Transport Financial Regulation za obdobje 2007-2013.
It is designed to guarantee revenue risks during a limited period following the construction of projects, notably under PPP structures.
Namenjen je jamstvu za dohodkovna tveganja v omejenem obdobju po izgradnji projektov, zlasti v okviru struktur PPP.
➾ Joint European Resources for Micro-to-Medium Enterprises (JEREMIE)
➾ Skupna evropska sredstva za mikro in srednja podjetja (JEREMIE)
In the period 2007-2013, the EIF will set up and manage funds or accounts into which Member States will inject the SME-dedicated part of the European Regional Development Fund, to be topped up by the EIB and other lenders and invested in or on-lent to venture capital, SME and micro-finance organisations.
V obdobju 2007-2013 bo EIF vzpostavil in upravljal s sredstvi ali računi, na katere bodo države članice vplačevale za MSP namenjen del Sklada za evropski regionalni razvoj in ga bodo dopolnili EIB in drugi posojilodajalci – sredstva se bodo vložila ali naprej posojala za naložben kapital, MSP in mikrofinančne organizacije.
➾ Competitiveness and Innovation Programme (CIP)
➾ Program za konkurenčnost in inovacije (CIP)
The financial instruments of this Commission programme are managed by the EIF (replacing the existing MAP − Multi-Annual Programme for Enterprises 2000-2005) in order to provide guarantees and venture capital to SMEs.
S finančnimi inštrumenti tega programa Komisije upravlja EIF (namesto dosedanjega MAP − večletni program za podjetja 2000-2005), da se MSP-jem posredujejo garancije in naložbeni kapital.
➾ Technology Transfer Accelerator (TTA)
➾ Pospeševalnik za prenos tehnologije (TTA)
A consulting assignment carried out by the EIF on behalf of the Commission’s DG RTD, the Technology Transfer Accelerator initiative seeks to set up pilot projects, bringing together a number of research institutions and addressing their seed-stage financing needs.
Svetovalna storitev, ki jo opravlja EIF v imenu DG RTD pri Komisiji; pobuda o pospeševalniku za prenos tehnologije skuša uvesti poskusne projekte, pripeljati skupaj številne raziskovalne institucije in reševati njihove začetne finančne potrebe.
➾ Joint Assistance to Support Projects in European Regions (JASPERS)
➾ Skupna podpora projektov za evropske regije (JASPERS)
Technical assistance partnership between the Commission, the EIB and other IFIs (EBRD) supporting the implementation of EU cohesion policy during the period 2007-2013, with two main tasks: 1.
Partnerstvo za tehnično pomoč med Komisijo, EIB in drugimi IFI (EBRD), ki bodo podpirale izvajanje kohezijske politike EU v obdobju 2007-2013 z dvema glavnima nalogama: 1.
Helping Member States and related entities, at their request, to prepare and present quality projects with a view to receiving grants from the Structural and Cohesion Funds;2.
Pomoč državam članicam in povezanim subjektom na njihovo zahtevo pri pripravah in predstavitvah kakovostnih projektov za pridobitev posojil iz Strukturnih in kohezijskih skladov.2.
Appraising large projects proposed for such financing, in support of the Commission.
Ovrednotenje večjih projektov, ki so predlagani za tovrstno financiranje v podporo Komisiji.
➾ Technology Platforms (TPs)
➾ Tehnološke platforme (TP)