News by country: Hungary

International Investment Bank fulfills its obligations towards Hungarian investors

International Investment Bank fulfills its obligations towards Hungarian investors

On October 18, 2022 IIB redeemed the outstanding part of IIB2022/II HUF bonds. This debt instrument was issued under the Hungarian law, approved by the National Bank of Hungary and listed on the Budapest Stock Exchange with ISIN HU0000359245, in a total amount of HUF 10,84 bn and with the coupon of 1,25% for its holders. “In current challenging global economic environment the Bank is determined to continue carrying out its mission as a multilateral development institution and to duly…  Read more
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 continues to support the Hungarian agro sector: Hunent Group will receive the Bank’s support for further development

IIB continues to support the Hungarian agro sector: Hunent Group will receive the Bank’s support for further development

International Investment Bank has signed a new loan agreement, which provides for a large-scale and long-term financial support to the Hungarian company Hunent Group, one of the country's leading agricultural producers. The twelve-year financing will be used for further modernization and comprehensive development of the Borrower’s production and processing plant in Melykut. Built with IIB financial support and launched back in January 2019, this state-of-the-art agro-industrial enterprise is…  Read more