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Russian transport infrastructure support: IIB joins a group of lenders providing long-term financial support for the construction of Central Ring Road

Russian transport infrastructure support: IIB joins a group of lenders providing long-term financial support for the construction of Central Ring Road

International Investment Bank has joined the group of financial institutions that support the construction of the Central Ring Road (CRR) in the Moscow Region. This large-scale infrastructure project, among other things, provides for the construction of a new 106-kilometer long section of the Central Ring Road (Starting point N3), which will run parallel to the Small Concrete Ring A-107 in the north-east of the Moscow Region and will connect the new high-speed highway M-11 "Moscow - St.  Read more
IIB grants a loan to Steppe Metal Powder LLC in support of a high-tech, metal powder plant to be constructed in Mongolia

IIB grants a loan to Steppe Metal Powder LLC in support of a high-tech, metal powder plant to be constructed in Mongolia

International Investment Bank and Steppe Metal Powder LLC (SMP) from Mongolia have concluded a loan agreement for the amount of 8 million euros for a period of 6 years. The first tranche of the loan was transferred on June 5, 2020. The funds allocated by the Bank will be used for the construction and installation of a modern high-tech plant that will produce copper and copper (bronze, copper and brass) alloy powders in Mongolia. Introducing the most advanced British and German technologies…  Read more
Virtual format and tangible results:  first online IIB Board of Directors meeting takes place

Virtual format and tangible results: first online IIB Board of Directors meeting takes place

On June 5, 2020, the 6th meeting of the Board of Directors of International Investment Bank took place. The delegations of IIB member states discussed preliminary results of the Banks' activities since the beginning of this year and took a number of important decisions. For the first time in its history, the meeting was held in an online format. IIB’s successfully integrated modern custom-made IT system ensured effective and full-fledged remote interaction of all its governing bodies, as well…  Read more
IIB acts as an investor in the debut placement of the Hungarian “green” sovereign bonds

IIB acts as an investor in the debut placement of the Hungarian “green” sovereign bonds

International Investment Bank invested in the debut placement of green bonds arranged by the Hungarian Government Debt Management Agency Pte. Ltd - ÁKK. The issue with a total volume of 1.5 billion euros was the first green sovereign bonds placement in the history of the country. It faced a strong demand from a wide range of both Hungarian and international investors showing five times oversubscription. The funds were raised within the “Sovereign Green Bonds Framework of Hungary” and will…  Read more
IIB makes another important contribution to the sustainable development of Mongolia’s key sector of economy: a loan provided to the leading national cashmere producer – GOBI JSC

IIB makes another important contribution to the sustainable development of Mongolia’s key sector of economy: a loan provided to the leading national cashmere producer – GOBI JSC

International Investment Bank and the largest cashmere producer of Mongolia - GOBI JSC, have concluded a loan agreement for the amount of 30 million euros for a period of 7 years. According to the provisions of the agreement, GOBI intends to direct these funds to the development of its current activities and to ensure the supply continuity of high-quality raw materials from local herders for the production of world famous Mongolian cashmere. Mongolia accounted for 48% of the world raw…  Read more