International Investment Bank issued ruble bonds

December 3, 2014

On December 2, 2014, the International Investment Bank placed its second ruble bond issue of series 03 in the amount of RUB 4 billion with a put option on June 2, 2015. There were 13 bids received from investors. The total demand for IIB’s bonds amounted to RUB 4.74 billion, the oversubscription of the issue represented almost 20%. The coupon rate has been set at 12.25% per annum, with the bids ranging from 12% to 12.40%. Marketing… Read more

Outcomes of the IIB Summit in Sofia (addition)

November 24, 2014

Hungary which was admitted to membership of the International Investment Bank during the 102nd meeting of the Council in Sofia simultaneously acceded to the Protocol on the Amendments to the Agreement Establishing the IIB and its Statutes. The document was signed by the Minister for National Economy Mihály Varga and presented to the members of the Council. Renewing the Bank’s statutory documents is a core element of the… Read more

International Investment Bank – new aspects of development

November 21, 2014

The 102nd meeting of the Council of the International Investment Bank, the highest authority of the Bank’s administration, took place in the capital of the Republic of Bulgaria, Sofia. The delegations of the member states approved key future-oriented decisions: on the Hungary’s admission to the IIB’s membership and the opening of the IIB’s European office in Bratislava. Although the Bank was losing its members… Read more

Eurasian Development Bank and International Investment Bank extend their investment cooperation

November 21, 2014

A Memorandum of Understanding between the IIB and the Eurasian Development Bank (EDB) was signed today in Sofia at the 102nd meeting of the Council of the International Investment Bank (IIB).The document was signed by the Chairman of the Board of the IIB Nikolay Kosov and the Chairman of the Management Board of EDB Igor Finogenov. The document promotes a close cooperation between the two supranational banks on investment project… Read more

IIB has signed a loan agreement with the Hungarian EXIM

November 20, 2014

Sofia, November 20, 2014 The International Investment Bank (IIB) has signed a five-year term bilateral loan agreement with the Hungarian Export-Import Bank (EXIM) in the amount of EUR 15 million. The document was signed by the Director of the International Relations and Investments Department of the EXIM Mr. Laszlo Lengyel and the IIB Chairman of the Board Mr. Nikolay Kosov. The raised funds will be used by IIB to finance customers in its member states who is purchasing Hungarian goods and… Read more

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