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IIB starts its  work in Budapest

IIB starts its work in Budapest

Source: https://nepszava.hu/
A bank with a Russian background starts its work in Budapest. IIB which moved its headquarters to Budapest held its first Board meeting At the meeting, Nikolay Kosov, the president of the bank, congratulated the top managers of the institution for their full activity at the new European address, says a statement published on the financial institution's website. According to the prospect, Kosov was pleased because, despite the move, the bank did not slow down for one minute with its day-to-day…  Read more

Fitch Ratings upgrades IIB short-term rating

Source: Fitch Ratings
Fitch has upgraded IIB's ST rating as a result of the application of its updated ST Rating Criteria. Under the revised criteria IIB's 'BBB+' Long-Term (LT) IDR is on a new cusp point. Fitch has applied the higher of the two options mapping to the 'BBB+' LT IDR, as IIB's liquidity assessment of 'aa-' is higher than 'a', the minimum liquidity assessment at which the higher option would apply at the 'BBB+' cusp point. Fitch Ratings press release can be found here…  Read more
Moody’s IIB Credit analysis 2019

Moody’s IIB Credit analysis 2019

The International Investment Bank (IIB, A3 stable) is a multilateral development bank that has a footprint in its nine shareholder countries: Bulgaria (Baa2 stable), Cuba (Caa2 stable), Czech Republic (A1 positive), Hungary (Baa3 stable), Mongolia (B3 stable), Russia (Baa3 stable), Romania (Baa3 stable), Slovakia (A2 positive) and Vietnam (Ba3 positive). Most of these members are registering relatively strong and healthy growth. Originally focused on Comecon countries, IIB was relaunched in…  Read more
IIB placed record cheap CZK bond to high demand

IIB placed record cheap CZK bond to high demand

Source: https://www.intellinews.com/
Hungary-based development bank International Investment Bank (IIB) successfully closed a tap to the outstanding April 2021 CZK Floaters bond worth CZK750mn (€29mn), in line with the Bank’s strategic goal of supporting the local capital markets development, according to IIB press release published on April 16. IIB managed to double the original size of bond issue to CZK1.5bn (€58.45mn) due to high demand from local investors. The tap deal was executed at a discount margin of 3M Pribor + 35 bps,…  Read more
International Investment Bank listed new bonds on the Budapest Stock Exchange

International Investment Bank listed new bonds on the Budapest Stock Exchange

Source: www.bse.hu
Today saw the launch of trading in the securities of International Investment Bank on the Budapest Stock Exchange. Through a bond auction, the financial institution sold nearly HUF 25 billion HUF-denominated bonds to institutional investors. Today, International Investment Bank (IIB) launched the trading session by ringing the BSE bell. During a successful bond auction held on March 20, 2019 bonds with a total maturity of 3 years carrying a fixed coupon of 2%, totalling HUF 24.7 billion, were…  Read more