International Investment Bank (IIB, Bank) hereby further informs the participants of the IIB’s MTN Programme (MTN) of the following. Notwithstanding the facts that the MTN Principal Paying Agent, Transfer Agent and Registrar unilaterally resigned by only sending to IIB their notices: Citibank, N.A., London Branch – of its “resignation as Principal Paying Agent and Transfer Agent in respect of the Programme and any outstanding Series of Notes issued thereunder”, and Citigroup Global…  Read more

Concluding the current year, International Investment Bank reiterates that unlawful US sanctions imposed on an international financial institution that carried out its business activities from the territory of an EU state continue to deprive predominantly European IIB’s investors, creditors and clients of the ability to replenish their financial losses. Former European members of the Bank shall be well aware about its sufficient financial cushion that continues to be also unlawfully…  Read more

The International Investment Bank hereby informs that on October 19, 2023 Hungary has become the last EU member state to withdraw from the membership in the Bank. The next day the IIB Board of Governors adopted a number of fundamental decisions aimed at further stabilisation of the Bank, including restoration of its corporate governance and its Headquarters relocation from Budapest. Entry into force of the relevant amendments to the Bank’s statutory documents will require certain time…  Read more

Further to the Bank’s previous statements and latest requests from our investors, IIB hereby reconfirms that it faithfully attempts to meet its contractual payment obligations under its EUR1.5b Medium-term Note (MTN) Programme. The Bank has undertaken numerous attempts to find a new paying agent (including before OFAC restrictions were imposed); to date none have expressed the willingness to assume this role. Given that fact, the Bank openly invites its investors to assist in bringing in a…  Read more