News

The International Bank for Economic Co-operation is expanding interbank cooperation with the Bulgarian Municipal Bank AD by implementing the first trade finance deal aimed at supporting foreign trade between Bulgaria and Poland.

IBEC took part in the placement of bonds of the Romanian company Autonom, specializing in car leasing, fleet management, short-term car rental. The Bank acquired more than 10% of the issue, becoming one of the key investors in the issued securities. The annual return is 4.11%.

The International Bank for Economic Co-operation has participated in primary placement of COVID-19 Response bonds of the Polish national development bank Bank Gospodarstwa Krajowego (BGK). It is one of the oldest European development institutions, founded in 1924.

The International Bank for Economic Co-operation has acquired green Eurobonds from Ceska Sporitelna, the largest bank in the Czech Republic. Securities with maturity of 7 years were issued in the amount of EUR 500 million. The coupon is 0.5%, the yield at the offering price is 0.52%. IBEC participation amounted to EUR 3.5 million.