On 15th April 2019 International Investment Bank successfully closed a tap to the existing CZK 750 million Floating Rate Notes issued last year and due on April 2021. Erste Group Bank AG acted as Lead Manager of the deal. The issue will proceed with a dual listing on both the Prague and Vienna stock exchanges analogous to the initial one. The tap amounted to CZK 750 million (approx. 29 million euros) with pricing set at a discounted margin of 3M Pribor + 35 bps, as compared to 3M Pribor +…  Read more

Capitalising on the upcoming IIB Headquarters relocation to Budapest as well as on the recent rating upgrade by S&P to A-, on March 20, 2019, with great success International Investment Bank (IIB) closed the order book for the inaugural HUF bond transaction with a 3-year maturity and a fixed coupon on the Budapest Stock Exchange. Based on a very strong demand exceeding HUF 30 billion, showing more than two times oversubscription versus the initially targeted amount of HUF 15 billion, IIB…  Read more