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IIB partially buys-back HUF bonds due on October 18th , 2022

IIB partially buys-back HUF bonds due on October 18th , 2022

Given the challenging and hardly predictable market and geopolitical environment, IIB is conducting an active and responsible liability management policy smoothening the forthcoming redemptions peak later this year. Following the interest expressed by investors during the last few weeks, as well as taking into account lack of the secondary market activity, IIB had offered its investors the opportunity to exit, showing a price of 95% of face value (94,29% since there was no payment of accrued…  Read more
Fitch Ratings keeps IIB rating as investment grade

Fitch Ratings keeps IIB rating as investment grade

Following the decision of S&P Global that affirmed the long-term credit rating of International Investment Bank at “A-“ level with a negative outlook, on March 9, 2022 Fitch Ratings reviewed the institution’s long-term credit rating assigning “BBB” with a negative outlook. The decision affirms IIB’s average credit rating at investment grade. It is currently at par with a sovereign credit rating of Hungary, one of its main shareholder states. Despite a number of public announcements made by…  Read more
S&P Global affirms long-term rating of International Investment Bank  at

S&P Global affirms long-term rating of International Investment Bank at "A-" level

On March 9, 2022, international credit rating agency S&P Global affirmed long-term rating of International Investment Bank at “A-“. Among the main factors underpinning the decision, S&P indicates the solid capital position, comprehensive liquidity buffers and the special status of IIB as an international financial institution. Taking into account public statements of some European member states of the Bank regarding their possible withdrawal from IIB amid unfolding geopolitical events, the…  Read more
IIB further promotes direct investment in the automotive industry of its member states: financial support provided to Faurecia SE

IIB further promotes direct investment in the automotive industry of its member states: financial support provided to Faurecia SE

International Investment Bank acted as an investor in Schuldscheindarlehen (SSD) issue of the French Faurecia SE Group, one of the global leaders in the development of innovative solutions, technologies, components and interfaces for the automotive industry. The total volume of resources allocated by IIB amounts to EUR 50 mln with Commerzbank AG and Helaba acting as lead arrangers for the deal. According to the terms of the loan agreement, IIB's funds provided for up to 8 years would be…  Read more
Implementation of the current strategy ahead of schedule,  profit, assets and loan portfolio growth:  IIB published financial results for 2021

Implementation of the current strategy ahead of schedule, profit, assets and loan portfolio growth: IIB published financial results for 2021

On February 4, 2022, International Investment Bank (IIB) published audited IFRS financial statements for the year 2021. Despite high volatility of global financial markets and the ongoing pandemic, the Bank once again demonstrated a high level of stability and positive dynamics in all key indicators, including profit, assets, capital, loan portfolio growth, as well as further improvement in volumes, maturity, level of diversification and cost of funding. An active support of the membe…  Read more