On October 14, 2014, the International Investment Bank, rated «A3» by Moody’s (Stable) and «BBB-" by Fitch (Negative), successfully issued a 5-year bond targeted at professional and institutional clients. Tatra banka (member of Raiffeisen Bank International Group) was the sole lead manager for this bond transaction.

The EUR 30 million bond offering is priced at par with a 3.50% fixed coupon and matures on October 21, 2019.

The order book consisted of orders from Slovakia (63%), Czech Republic (24%), Russia (10%) and Bulgaria (2%). The major part of the issue was sold to banks, followed by funds, and the rest was placed with insurance companies.

In order to promote the activities, recent financial performance, supranational status and new management strategy of the Bank and to attract Central European investors, the IIB held an investor presentation and a global investor call in Bratislava on September 16, 2014.

Despite volatile market conditions, the IIB was received with a great interest by the investor community. Following the positive feedback from investors during the marketing stage, the IIB decided to tap the market and to satisfy the demand by announcing a domestic bond issue on October 1, 2014. Such bond issues contribute to the development of the domestic capital market, strongly supported by the authorities of several IIB’s member states, including the Slovak Republic.

The received funds will be used primarily to finance IIB’s activity in the Slovak Republic.