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

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

A memorandum of understanding on the establishment of a European front office in Hungary for the International Investment Bank (IIB) was signed in Budapest on Monday by Hungarian Minister of Finance Mihály Varga and IIB Chairman Nikolay Kosov. Through the local office, IIB can play a significant role in investments and corporate lending in Central and Eastern Europe, Varga was cited as saying by state news wire MTI after the signing. Corporate lending needs to expand further if Hungaryʼs…  Read more

International Investment Bank to Open an Office in Budapest 18.06.2018 “The International Investment Bank (IIB) is opening a regional office in Budapest”, announced Deputy Prime Minister, Minister of Finance Mihály Varga on Monday, after signing a Memorandum of Understanding with Nikolay Kosov, Chairman of the Board of the International Investment Bank, The Minister stressed that Budapest is a dynamically developing international economic and financial centre, which has been proved by the fact…  Read more

Exclusive interviews of the Chairman of the Board of the International Investment Bank, Mr. Nikolay Kosov, to the Hungarian Vilaggazdasag and Magyar Idok newspapers concerning the Hungarian direction of the Bank’s actives and its strategic plans for the country. Please find pdf-version of the interviews in Hungarian: Vilaggazdasag_HU and Magyar Idok_HU and their translation to English: Vilaggazdasag_ENG and Magyar Idok_ENG.  Read more