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IIB places EUR 30 mln bond

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The Budapest-based International Investment Bank (IIB) has announced the placement of a EUR 30 million bond with a German insurance company, according to a report by state news wire MTI.

The 20-year bond was priced at 90 bp over mid-swaps, effectively giving it a 0.95% annual coupon, the lender said.

The bonds will be listed on the Dublin Stock Exchange.

IIB moved its headquarters to the Hungarian capital from Moscow in 2019. Hungary, which re-joined the IIB in 2015, is now the lender's second-biggest stakeholder.

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