IIB places EUR 30 mln bond
Shutterstock.com
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.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
