International Investment Bank has raised capital through a bond issuance
October 2020 — International Investment Bank (IIB) has attracted a new round of financing from Romanian institutional investors for the sixth consecutive year. They attracted US$85 million through a bond issuance, with a three-year maturity period (due in 2023) and a fixed coupon of 3.393% (RON denominated). The bonds received a 3A rating from Moody's and A- rating from Fitch and S&P.
International Investment Bank (IIB) is a multilateral institution that promotes social and economic development, prosperity and economic cooperation between its member states. IIB is focused on medium and long-term financing of projects aimed at supporting the development of the economies of IIB member countries with positive social, environmental and economic impact. The bank provides loans directly, in cooperation with other financial institutions or through partner banks.
Our role in the transaction
Oaklins’ team in Romania acted as private debt advisor and sole lead manager for the bond issuance, targeting Romanian investors and assisting IIB all the way, from the start to the successful completion and listing of the financial instrument on the Euronext Dublin stock exchange. During this process the team initiated and advised on many aspects, including, among others, securing pre-commitments from institutional investors, deal structuring, and the bond pricing and sizing.
Talk to the deal team
Related deals
WestBridge has made a majority investment in Beckett Investment Management
WestBridge Fund Managers Limited has agreed to make a majority investment in Beckett Investment Management Group, a leading financial planning business in the east of England. The transaction is the fifth investment from WestBridge III and is subject to regulatory approval by the Financial Conduct Authority (FCA).
Learn moreMoneybox’s employee share sale has set another milestone for London’s Private Securities Market
The London Stock Exchange’s Private Securities Market (PSM) continues to demonstrate its potential as a venue for providing shareholder liquidity in high-growth private companies. Following the successful employee share sale for autonomous driving pioneer Wayve earlier this month, fintech leader Moneybox has completed a US$61 million (£45 million) employee liquidity event through the PSM. By structuring the transaction as an employee liquidity event, long-serving employees with vested equity have been able to realize some of the value they helped create while enabling Moneybox to remain private and continue its growth journey. Crowdcube managed the employee seller and investor participation process.
Learn moreEducbank has been acquired by Cogna
Cogna Educação, through its subsidiary Somos Sistemas de Ensino, has acquired an additional 47% stake in Educbank for approximately US$8.9 million, increasing its ownership from 43% to 90% and consolidating control of the platform. The transaction expands Cogna’s presence beyond its traditional enrollment-driven education business into the financial infrastructure that underpins school tuition collection.
Learn more