Since the registration of its MTN Programme in Dublin Stock Exchange in March 2020, IIB has been actively issuing bonds under it. The Programme has once again proved to be one of the main pillars of the Bank’s funding strategy, with a newly executed HUF 15 bn deal (approx. EUR 42 mln). UniCredit AG acted as the lead manager of the issuance. The operation was IIB’s third transaction this year under the MTN Programme and brought further currency diversification, following previous deals in…  Read more

On September 8, 2020, Fitch Ratings upgraded IIB’s rating to A- from BBB+ “reflecting the ongoing diversification of the bank’s operations across the EU following the relocation of its’ headquarters to Budapest”. Fitch positively assesses IIB’ s overall Europeanisation strategy expressed in particular in a shift in the bank’s lending operations and shareholder structure, focusing on a larger share of lending in the region and an increased share of EU shareholders in the Bank. As the…  Read more

On September 3, 2020 IIB held a successful book building for a new RUB issuance on the Moscow Stock Exchange under its registered bond program. The joint lead managers of the new 2,5-year bond are BC Region, Credit Bank of Moscow, VTB Capital and Russian Agricultural Bank. The Bank had taken advantage of the market window that opened following the summer holidays and a strong investor demand on the shorter maturities. The newly closed deal was three times oversubscribed. The Bank received orders…  Read more