News by tag: Bonds

IIB executes new CZK-denominated private placement consolidating its euro negative curve by issuing one of the largest CZK deals by a non-Czech issuer ever

IIB executes new CZK-denominated private placement consolidating its euro negative curve by issuing one of the largest CZK deals by a non-Czech issuer ever

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
IIB achieves a new lowest euro after-swap price for its funding, following the recent MTN Programme update

IIB achieves a new lowest euro after-swap price for its funding, following the recent MTN Programme update

Following the update of its MTN Programme registered on 26th February 2021, International Investment Bank executed its third private placement this year, denominated in the Hungarian forint, in the volume of HUF 8.5 billion (EUR 23.3 million) with the coupon amounting to 1.90% p.a. reaching a record low euro after-swap price of 0.065% p.a. It is the fourth issue denominated in HUF for IIB over the last 2 years making the total amount outstanding HUF 70.7 billion (approx. EUR 192 million),…  Read more
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
IIB issues first Hungarian forint bonds under MTN Programme

IIB issues first Hungarian forint bonds under MTN Programme

Since the registration of its MTN Programme in Dublin Stock Exchange in March 2020, IIB has been actively issuing bonds under it. The Programme has once again proved to be one of the main pillars of the Bank’s funding strategy, with a newly executed HUF 15 bn deal (approx. EUR 42 mln). UniCredit AG acted as the lead manager of the issuance. The operation was IIB’s third transaction this year under the MTN Programme and brought further currency diversification, following previous deals in…  Read more
IIB closes the book with a record oversubscription for a new RUB issuance

IIB closes the book with a record oversubscription for a new RUB issuance

On September 3, 2020 IIB held a successful book building for a new RUB issuance on the Moscow Stock Exchange under its registered bond program. The joint lead managers of the new 2,5-year bond are BC Region, Credit Bank of Moscow, VTB Capital and Russian Agricultural Bank. The Bank had taken advantage of the market window that opened following the summer holidays and a strong investor demand on the shorter maturities. The newly closed deal was three times oversubscribed. The Bank received orders…  Read more