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

Further to our previous statements, IIB hereby informs our bondholders that as a result of General License No. 69 issued by OFAC on May 31, 2023, the release of funds and transfer by one of the EU financial institutions to Citibank, N.A., London Branch (Principal Paying Agent under the IIB EUR1.5b EUR MTN Programme) made it possible for the IIB to fulfil the coupon payment of CZK bond issue with ISIN XS2180177623 (CZK 12,310,980.00) with value date June 27, 2023. IIB emphasizes that it…  Read more

Further to its previous statements, IIB hereby informs that on May 31, 2023 OFAC issued a General License No. 69 Authorizing Certain Debt Securities Servicing Transactions Involving IIB (OFAC General License). In accordance with paragraph (a) of the OFAC General License, all transactions prohibited by Executive Order (E.O.) 14024 that are ordinarily incident and necessary to the processing of interest or principal payments on debt securities issued by International Investment Bank (IIB) prio…  Read more

Notice to Bondholders, Creditors and Clients Further to the previous statements, IIB hereby informs its bondholders, creditors and clients that as a result of the imposed US OFAC sanctions, all correspondent banking entities of IIB in the EU blocked all transactions in connection with IIB, including Bank’s nostro accounts in EUR, USD, HUF, CZK, RON. By the decisions of the correspondent banking entities, IIB is technically unable to make payments under standard payment arrangements and…  Read more