EIB plans to sell $3 bln 3-year bond -lead

LONDON, May 16 (Reuters) - The European Investment Bank [EIB.UL] plans to sell a $3 billion three-year bond, an official at one of the banks managing the sale said on Friday.

The bond, due July 15, 2011, is set to be priced no later than Tuesday to yield Libor minus around 30 basis points, the official said.

JP Morgan, Morgan Stanley and UBS are managing the sale.

The EIB, the financing arm of the European Union, is rated triple-A by all three major ratings agencies.

(Reporting by Richard Barley)