PeliFilip assisted International Investment Bank (IIB) in connection with the issuance of bonds with a total value of RON 300 million (EUR 67 million). The securities are listed on the Bucharest Stock Exchange (BVB). The bond issue has a maturity of three years and a coupon of 3.4% per year and is IIB’s third issue in the European Union and the second in Romania. The debut issuance in Romania took place in April 2015, had a value of RON 111 million (EUR 25 million) and was also assisted by the PeliFilip team.
International Investment Bank (IIB) is a multilateral development institution founded in 1970 based on the intergovernmental Agreement Establishing the IIB and its Charter. The current nine members/shareholders of the Bank are Bulgaria, Cuba, Czech Republic, Hungary, Mongolia, Romania, Russia, Slovakia, and Vietnam.
“IIB has proven, again, its confidence in the Romanian capital markets and their commitment to its development. The great success of their second bond issuance shows that Romanian investors appreciate and trust IIB and we are very pleased to have had the opportunity to help,” said Alexandru Birsan, Partner at PeliFilip, who coordinated the firm's team on the deal.
Birsan was assisted by PeliFilip Associates Ana Andreiana and Roxana Diaconu.