News by country: Hungary

IIB successfully placed its debut HUF bond issue

IIB successfully placed its debut HUF bond issue

Capitalising on the upcoming IIB Headquarters relocation to Budapest as well as on the recent rating upgrade by S&P to A-, on March 20, 2019, with great success International Investment Bank (IIB) closed the order book for the inaugural HUF bond transaction with a 3-year maturity and a fixed coupon on the Budapest Stock Exchange. Based on a very strong demand exceeding HUF 30 billion, showing more than two times oversubscription versus the initially targeted amount of HUF 15 billion, IIB…  Read more
Statement of the IIB Management Board

Statement of the IIB Management Board

International Investment Bank has received a number of inquiries from Hungarian and international news agencies in the last few days related to frequently appearing false information related to the Bank activities, replicated lately in various mass media. The IIB Management Board deems it necessary to clarify a number of key aspects of this reporting. This is an official commentary from the Bank to the following unfounded allegations. 1. «Russia’s International Investment Bank…»…  Read more
S&P Global upgrades IIB long-term rating to A- with a stable outlook

S&P Global upgrades IIB long-term rating to A- with a stable outlook

On March 7, 2019 international rating agency S&P Global upgraded long-term rating of International Investment Bank (IIB) to A- with a stable outlook. This is a first in 2019 and already a fifth positive rating action on the Bank since the beginning of 2018 from leading international rating agencies. S&P underlines that the upgrade is based on a “moderate corporate risk profile and a very strong financial profile in accordance with renewed criteria of the agency” adopted within the framework of…  Read more
The second meeting of the IIB Board of Directors took place in Moscow

The second meeting of the IIB Board of Directors took place in Moscow

On March 1, 2019, the second meeting of the Board of Directors of International Investment Bank was held in Moscow. The event was attended by authorized representatives of all member states, members of the IIB Management Board and heads of key departments of the Bank. Opening the meeting, the Chairperson of the IIB Management Board Nikolay Kosov and his deputies presented a brief report on the activities of IIB in 2018 to the participants, which became a record performance year in many key…  Read more
IIB’s project on a newly introduced corporate governance system receives international recognition by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP)

IIB’s project on a newly introduced corporate governance system receives international recognition by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP)

The project of a comprehensive reform of the corporate governance system of International Investment Bank (IIB), which was successfully completed in 2018, won the annual award “For Outstanding Development Projects”, traditionally held by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP). As a result of 2018 IIB became the winner in the “Corporate Governance” nomination. The ceremony of the ADFIAP Awards 2018 took place on February 20, 2019 in Muscat…  Read more