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Tuesday, November 19, 2019 
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New International Investment Bank bonds will float on BVB

11/6/2019

Bucharest Stock Exchange (BVB) informs that on Thursday, November 7th, a new International Investment Bank (IIB22) bonds issue will start trading

The bonds have a 3yrs maturity and a fixed interest rate of 3.98% p.a. payable annually. The issue comprises 50,000 bonds, with a nominal value of RON 10,000, which means a total value of RON 500mn (EUR 105mn).

The funds gathered by IIB will be used to finance the existing loan portfolio and new loans granted to the Member States of the European Union and for debt refinancing.

IIB22 bonds were bought by 18 institutional investors (banks, asset managers, pension funds, insurers and mutual funds). Offshore investors represented about 12% of the issue size. Following this transaction, the Romanian capital market is currently the largest market for IIB’s debt origination (44% of the total long-term funding) and RON debt has the largest share (27%) in the breakdown by currencies.

The issue of the bonds was carried out by BT Capital Partners, the investment banking and capital markets division of Banca Transilvania (TLV) Financial Group, together with ING Bank - Bucharest Branch.

IIB is a multilateral development institution founded in 1970, based on the Intergovernmental Agreement establishing IIB and its Charter. The nine members / shareholders of the Bank are Bulgaria, Cuba, the Czech Republic, Hungary, Mongolia, Romania, Russia, Slovakia and Vietnam.