News by country: Hungary

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
S&P affirms “A-“ long-term rating for IIB with a stable outlook

S&P affirms “A-“ long-term rating for IIB with a stable outlook

On March 26, 2020, the international rating agency S&P Global affirmed the IIB “A-” long-term rating with a stable outlook. Among the main factors that contributed to this decision, S&P points out the Bank’s high level of capital adequacy and the effectiveness of the risk management system, which, according to the Agency, will allow the institution to confidently confront the challenges of the current period of high volatility in the global economy. S&P defines the financial profile of IIB…  Read more
IIB acquires the historic Lánchíd Palota building for its headquarters in Budapest

IIB acquires the historic Lánchíd Palota building for its headquarters in Budapest

On March 24, 2020, International Investment Bank and DOB-68 ZRT Company in full accordance with the requirements of the Hungarian legislation signed the documentation on the acquisition of the historic Lánchíd Palota building, located at Fő u, 1 by the Bank. Constructed in the 19th century, this neo-Renaissance building is one of the most beautiful in Budapest. Designed by a famous Hungarian architect Miklós Ybl it is located on the bank of the Danube river, at the foot of the Buda Castle,…  Read more
IIB successfully registers its first ever Medium Term Notes (MTN) Programme on Dublin Stock Exchange

IIB successfully registers its first ever Medium Term Notes (MTN) Programme on Dublin Stock Exchange

The Medium Term Notes (MTN) Programme provides a maximum debt of up to EUR 1.5 bn that could be issued in the international capital markets (with the possibility to be upsized in the future) without specifying a pre-determined time period for these issuances (multi-year). Through the MTN Programme IIB will be able to not only issue benchmark bonds in the international markets but also to flexibly use short market windows and issue private placements in hard or local currencies. The Programme…  Read more
 Supported by the Hungarian Ministry of Foreign Affairs and Trade IIB held a presentation for Hungarian exporters

Supported by the Hungarian Ministry of Foreign Affairs and Trade IIB held a presentation for Hungarian exporters

On February 18, 2020, International Investment Bank (IIB) together with the Ministry of Foreign Affairs and Trade of Hungary hosted a business breakfast dedicated to the topic of support of Hungarian export companies. Among the participants of this significant business event were the owners and top managers of leading Hungarian exporting SMEs, representing such key sectors of as agriculture, food processing, mechanical engineering, household and medical equipment manufacturing,…  Read more