News by tag: Bonds

IIB successfully executes the largest RON bond placement

IIB successfully executes the largest RON bond placement

On October 30th 2019, IIB successfully closed the order book for its fifth and largest RON bond issue on the Bucharest Stock Exchange. In terms of volume this issue is the largest outstanding corporate/supranational bond ever on the Romanian market and represents the first fixed rate bond issued in Romania by the Bank. The placement was organized by BT Capital Partners S.A. (Investment Banking & Capital Markets arm of Banca Transilvania Financial Group) and ING BANK N.V. AMSTERDAM - SUCURSALA…  Read more
Following Moody’s long term credit rating upgrade to A3 with stable outlook, International Investment Bank taps its outstanding CZK Floater, increasing the size to CZK 750 m.

Following Moody’s long term credit rating upgrade to A3 with stable outlook, International Investment Bank taps its outstanding CZK Floater, increasing the size to CZK 750 m.

IIB decided to go another step forward in the capital market funding strategy and tap the outstanding April 2021 CZK Floater with an amount of 249 m, totaling to CZK 750 m. Erste Group, the Lead Manager of the transaction indicated that a Czech investor who already held IIB’s issues in its portfolio, is very much interested to increase its exposure on IIB. In spite of the volatile capital market environment, on the back of the rating upgrade of IIB to A3 by Moody’s, the increase of the debut…  Read more
Following its recent S&P rating upgrade the IIB places its inaugural CZK transaction

Following its recent S&P rating upgrade the IIB places its inaugural CZK transaction

International Investment Bank (IIB) successfully priced its inaugural CZK denominated private placement transaction with 3-year floating rate notes amounting to CZK 501 mln. This transaction is another step in IIB’s successful strategy of diversifying the funding sources by tapping its European Union member states’ markets. In addition, for the first time, the issuer is intending to proceed with a dual listing on both Prague and Vienna Stock Exchanges. Placement was arranged by one of the…  Read more
Successful return of the IIB on Russian debt market

Successful return of the IIB on Russian debt market

On April 27, 2017, the International Investment Bank (IIB) held a successful secondary placement of ruble bonds of 02 series, or “mibovki”, previously re-purchased under the regular put option. The volume of the secondary placement amounted to RUB 2.98 billion. Thus, the whole issue, RUB 3 billion is again in circulation. The order book opened on April 26, 2017, with the initial range of 100.0-100,45% of the nominal value, which corresponds to yields of 9.46-9,73% (the coupon rate was…  Read more
IIB offered Slovak investors bond buyback totalling EUR 30 million

IIB offered Slovak investors bond buyback totalling EUR 30 million

On November 23, 2016, the International Investment Bank (IIB) announced a buyback for its Slovak euro-denominated bonds listed in 2014 on the Bratislava Stock Exchange in the amount of EUR 30 million. While investors did not take advantage of the buyback at 102.5% of the bonds’ nominal value (or around 2.6% YTM) before the offer expired on December 2, the Bank regards the results of the settlement positively. Currently, the IIB can attract funding on debt markets at rates lower than in Octobe…  Read more