IIB planning 100 bln rubles in bonds
MOSCOW. Feb 4 (Interfax) - International Investment Bank (IIB) is drafting an exchange-traded bond program, series 001R, worth up to 100 billion rubles or its equivalent in foreign currency, the Moscow-based bank said in a statement.
The bonds will mature in up to 30 years.
Reports have said IIB is planning to register a program to issue up to 1 billion euros in notes in various currencies, including yuan, and to raise a syndicated credit of up to 100 million euros in 2016.
The bank in 2015 carried out two primary placements on the Moscow Exchange as well as a secondary placement for ruble-denominated bonds it had repurchased in the past. The bank placed a debut bond issue on the Bucharest Stock Exchange in November 2015.
IIB currently has four classic bond issues worth 14 billion rubles outstanding.
It is planning in 2016 to continue with its strategy of placing bonds on local capital markets and to raise 200 million euros in markets already known to it such as Russia, Slovakia and Romania, and on new markets like the Czech Republic, Hungary and, probably, Asia.
IIB was created in 1970 and has the status of an international organization. The shareholders are Russia, the Czech Republic, Bulgaria, Slovakia, Romania, Cuba, Mongolia, Vietnam and Hungary. The IIB's main activities are the support of small and medium-sized businesses in its member-countries and the financing of socially significant infrastructure projects.