News by country: Romania

IIB had successfully attracted new Romanian lei funding, recording its lowest ever long-term cost of funds

IIB had successfully attracted new Romanian lei funding, recording its lowest ever long-term cost of funds

On 29th September IIB had successfully placed new RON issuance in the volume of 340 million (approx. EUR 70 million) under the IIB’s MTN Programme registered on the Dublin Stock Exchange. The 3-year maturity bond has a coupon of 3,393%, representing 30 bps spread over the Romanian Government bonds. The euro after-swap price obtained reflects the lowest ever long-term cost of funds for IIB set up at 0,395% p.a. The lead manager of this successful placement was BT Capital partners, which had…  Read more
International Investment Bank upgraded to A- by Fitch Ratings Agency

International Investment Bank upgraded to A- by Fitch Ratings Agency

On September 8, 2020, Fitch Ratings upgraded IIB’s rating to A- from BBB+ “reflecting the ongoing diversification of the bank’s operations across the EU following the relocation of its’ headquarters to Budapest”. Fitch positively assesses IIB’ s overall Europeanisation strategy expressed in particular in a shift in the bank’s lending operations and shareholder structure, focusing on a larger share of lending in the region and an increased share of EU shareholders in the Bank. As the…  Read more
Virtual format and tangible results:  first online IIB Board of Directors meeting takes place

Virtual format and tangible results: first online IIB Board of Directors meeting takes place

On June 5, 2020, the 6th meeting of the Board of Directors of International Investment Bank took place. The delegations of IIB member states discussed preliminary results of the Banks' activities since the beginning of this year and took a number of important decisions. For the first time in its history, the meeting was held in an online format. IIB’s successfully integrated modern custom-made IT system ensured effective and full-fledged remote interaction of all its governing bodies, as well…  Read more
IIB executes its very first transaction under the newly registered  MTN Programme

IIB executes its very first transaction under the newly registered MTN Programme

Following the recent registration and listing of its first MTN Programme on Dublin Euronext, on April 16, 2020 IIB executed its first transaction under the new framework, namely a 1-year RON 110 million private placement through Unicredit AG - one of the 6 dealers appointed under the MTN Programme. The operation was based on a strong demand from several Romanian asset managers that are very familiar with the IIB credit story in light of the Bank’s active role in development of the Romanian…  Read more
Another contribution to the IIB paid-in capital: member states support the Bank in global crisis

Another contribution to the IIB paid-in capital: member states support the Bank in global crisis

On April 7, 2020, within the framework of the new capitalization programme approved by the IIB member states in the amount of up to 200 million euros, the Russian Federation transferred 10.64 million euros as a contribution to the paid-up capital of the Bank, bringing its total value to 370.25 million euros. Thus, Russia has become the first IIB shareholder to fully fulfil its obligations for the new round of capitalization due in 2020. Since the relocation of the IIB headquarters to Europe in…  Read more