International Investment Bank gets over EUR 67 mln from Bucharest bourse

Moscow-based International Investment Bank (IIB) has attracted a financing of RON 300 million (EUR 67.2 million) on the Bucharest Stock Exchange (BVB), through a bond issue in local currency (RON) with a three-year maturity and an annual yield of 3.4%. The operation was brokered by local BT Capital Partners. The issue has attracted institutional investors, including local investment and pension funds, insurance and brokerage companies, as well as other investors from Romania, Germany, Austria, Croatia, and the Czech Republic. The bank was founded in 1970. It has nine member states, five of them being members of the European Union, including Romania. The bank finances businesses in its member states. IIB also carried out another local bond issue worth RON 111 million (EUR 25 million), in October last year. editor@romania-insider.com