International Investment Bank made a presentation on the debut issue of domestic ruble bonds. The representatives of more than forty leading Russian banks and investment companies participated in the business meeting.

The Chairman of the Board of the IIB Nikolay Kosov noted that entry into the debt market was an important and symbolic result of a year and a half of work on the Bank’s reformation. «We brought the Bank in line with the international standards of institutions for development, cardinally renewed the management system and risk control, implemented new principles of the credit policy, built a network of reliable partners from the leading financial institutions of our member states, obtained an investment credit rating. All this allows us to feel confident about the future, increase our opportunities for lending, including those through the emission.»

The Head of the IIB drew attention of the potential investors to the fact that the financial instruments of the international institutions for development have become more important. Among the priorities of the IIB as an issuer are the intergovernmental status, the support of the Governments of the member states, the tax exempt status and immunities, the high level of financial stability, specialization on the support of the SMEs sector and export that is the priority of the economic policies of all the member states of the Bank.

The Members of the Governing Body and specialists of the IIB in the course of the presentation made a comprehension analysis of the financial condition of the Bank, the composition of its balance, the policy of the risk management, the plans on the increase of the resource base, the main directions of the credit policy in the country and sectorial aspects.

The bond subscription opens on Thursday, April 24, the amount of the issue is RUR 2 bln. The issue is organized by Raiffeisen Bank, VTB Capital and Rosbank.