International Investment Bank bonds on BVB receive ratings from Moody’s and Fitch

Moody’s has rated at Baa1 the bonds issued by the International Investment Bank (IIB), and Fitch Ratings has rated them BBB-, according to information published on the website of the Bucharest Stock Exchange (BVB).

“Moody’s Investor Service has rated these bonds on September 27, 2016, at Baa1, whereas Fitch Ratings at BBB- on September 29,” the notification reads.

According to BVB, the International Investment Bank has attracted RON 300 million through a bond issue with a maturity of three years and an interest rate of 3.4% per year. This is the third IIB bond issue in the European Union and the second investment in Romanian RON. The issue was oversubscribed more than twice, being mediated by BT Capital Partners.

In 2015, the Bank issued bonds of RON 111 million at an interest rate of 4.1% per year.

“The new issue has attracted institutional investors, including investment and pension funds, insurance and brokerage companies and other investors, not only from Romania, but also from Germany, Austria, Croatia and the Czech Republic,” the release reads.

BT Capital Partners (BTCP), the investment banking and capital markets division of Banca Transilvania Financial Group, has led the consortium that brokered the issue by International Investment Bank.

According to the BVB website, IIB was established in 1970 and has nine members: Romania, Bulgaria, Slovakia, Hungary, Russia, Mongolia, Vietnam and Cuba.


Banca Transilvaniabonds issueBucharest Stock ExchangeBVBcapital marketsCapital PartnersEuropean UnionfitchIIBinstitutional investorsinternational investment bankMoody'spension funds
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