Moscow-based International Investment Bank (IIB) has launched a primary bond offer with a minimum value of EUR 100 million, denominated in lei and euro, with a maturity of three years.
The offer takes place on the Bucharest Stock Exchange and targets qualified investors in Romania.
The bonds in lei will have a variable interest rate while the bonds in euro will have a fixed rate. Each bond denominated in RON has a nominal value of RON 10,000 (EUR EUR 2,200), while each EUR-denominated bond has a nominal value of EUR 10,000.
The bonds are expected to start trading around September 28. This is the lender’s third bond issue on the Bucharest Stock Exchange.
The International Investment Bank has received the Baa1 rating with a positive outlook from Moody’s Investors Service, BBB with stable outlook from Fitch Ratings CIS Ltd and BBB with a stable outlook from Standard & Poor’s Credit Market Services Europe Limited.