On November 1, 2022 IIB redeemed RON 500 mln bonds with the coupon of 3,98 % p.a. for investors. This debt instrument was the largest in volume ever in RON denomination, in raw the fifth issued in 2019 in domestic format under the Romanian law, approved by local Supervision, and listed on the Bucharest Stock Exchange. Apart from above five bond issues, IIB placed five more series in RON denomination under its MTN Programme, showing high recognition of the Bank among Romanian institutional…  Read more

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

On January 18, 2022, IIB kicked off the execution of its funding plan, with two very successful RON and CZK transactions traded under the Bank’s MTN Programme. For the first time, two trades were executed in the same day, despite the challenging market context, taking the opportunity of a favorable market window to close both transactions at tightest spreads for respective maturities and currencies. The Romanian Lei 3-year deal, which was arranged by UniCredit AG and executed at lowest spread…  Read more

International Investment Bank successfully refinanced its maturing CZK floating rate notes with a new issuance of CZK 2.499 billion (EUR 96.4 million) notes with a 3-year maturity and an annual coupon of 1.50%. The euro after-swap price of the issuance, which was placed under the Bank’s MTN Programme, was fixed at -0.041% p.a.. Further decrease in the cost of funds of the Bank will ultimately benefit the whole region, where IIB is present and active in fulfilling its development mission. The…  Read more

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