Today the Board of the Bank made a decision to issue domestic ruble bonds. The total amount of the programme is RUR 14 bln, the amount of each of the four separate issues is RUR 2, 3, 4 and 5 bln, respectively. The maturity of the issues is 10 years, with the possibility of the put option and semi-annual coupon payments. The interest rate and put option will be determined prior to the placement of each issue. Bonds are to be distributed by public offering. Secondary trading will be organized on the Moscow Central Stock Exchange.

The time for placement and final nominal of the issue will be based on the market conditions, current requirements of the Bank in funding and implementation of the lending programs.

One of the main tasks of the IIB as the international financial organization is the development of financial markets in its member states. The IIB securities are permitted to distribution and placement on the Russian market in accordance with the decree of the Government of the Russian Federation signed by Dmitry Medvedev in May 2013.

The bonds issue will be the debut of the International Investment Bank on the debt market. After the system transformation in 2013, the IIB at present is focused on the qualitative increase of its funding base which will allow the Bank to effectively implement its plans on the maintenance and development of the SME business in its member states. Access to the debt capital market opens new sources of financial resources to the IIB.