
IIB successfully closes the order book for a new ruble bond issuance on the Moscow Stock Exchange
On 30th April, 2020 IIB held a successful book building for a new 3 year ruble-denominated issuance on the Moscow Stock Exchange. The Bank had taken an opportunity of a favorable market window following the recent decision of the Russian Central Bank to cut the key rate by 50 bps and once again tapped this market by closing the book for a RUB 7 bn bond under the registered programme with MSE. Benefiting from a strong demand with orders in excess of RUB 10 bn, IIB was able to significantly… Read more