The International Investment Bank, based in Moscow, will list bonds worth RON 300 million and EUR 60 million on the Romanian capital market, according to an announcement published on the Bucharest Stock Exchange (BVB) website.
For the issue in RON the interest rate is ROBOR at 3 months + 1.5% and will be paid quarterly, and in EUR of 1.593% (fixed), paid annually.
The bank has recently announced that it has launched a primary bond offering with a minimum face value of EUR 100 million, denominated in RON and EUR, with maturity of three years. Each bond denominated in RON has a nominal value of RON 10,000, whereas each EUR-denominated bond has a face value of EUR 10,000.
According to the prospectus, an application for admission of bonds to trading on BVB in the category of international bonds of the regulated spot market will be filed. The first trading day of the bonds is expected to take place around September 28, 2017.
The Issuer received the Baa1 rating with a positive outlook from Moody’s Investors Service, BBB with stable outlook from Fitch Ratings CIS Ltd, BBB with a stable outlook from Standard & Poor’s Credit Market Services Europe Limited and A with a stable outlook from Dagong Global Credit Rating Co., Ltd., the same source informs.