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IIB receives support from Member States: Slovakia contributes to the paid-in capital of the Bank

IIB receives support from Member States: Slovakia contributes to the paid-in capital of the Bank

The Slovak Republic made a EUR 2,955 million contribution to the paid-in capital of IIB, thus fulfilling its obligations for the current year under the 2020-2022 Capitalization Program aimed at the implementation of Development Strategy. As a result of this transaction, the Bank’s paid-in capital reached EUR 378,71 million. Slovakia became the third Member State of IIB to meet its obligations for the present year in full, following the contributions of Hungary and the Russian Federation…  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
International Investment Bank continues a series of exclusive publications by Sergey Storchak “Global debt: will the fourth wave turn into a tsunami?”

International Investment Bank continues a series of exclusive publications by Sergey Storchak “Global debt: will the fourth wave turn into a tsunami?”

International Investment Bank as part of its 50th jubilee campaign continues a series of exclusive publications of former Governor from the Russian Federation to the IIB Board of Governors, ex-Deputy Finance Minister of the Russian Federation Sergey Storchak “Global debt: will the fourth wave turn into a tsunami?” We hereby present the third and final part of the article. The material is an expert opinion on the current situation in the global financial markets and its further development…  Read more

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
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