International Investment Bank places EUR private placement under MTN Programme with historic 20-year maturity

International Investment Bank kicks-off funding in 2021 by placing a transaction under its MTN Programme with a record-long maturity of 20 years. The new transaction in the amount of EUR 30 million will be listed on the Dublin Stock Exchange.

The investor in the deal is a German insurance company, falling in line with the Bank’s objective to further diversify the investor base and showing significant investor confidence in IIB’s name.

This deal provides for the longest-ever attracted maturity, which helps to improve the overall maturity profile of IIB’s funding and extend the duration of its liabilities. Moreover, the return to EUR-denominated funding at extremely competitive pricing despite the significantly increased duration, with annual coupon equal to 95 bps, is a visible result of the constant improvement of IIB’s credit profile.