News

A delegation of the International Bank for Economic Co-operation, headed by a member of the Board Boyko Kotsev, took part in the international conference "Financial support for SMEs – SIMExpo 2021". The event, which took place in the capital of Bulgaria, Sofia, was organized by the Bulgarian Agency for the Support of Small and Medium Enterprises and the Bulgarian Chamber of Commerce and Industry with the support of the European Union. Among the participants were Bulgarian and European businessmen, representatives of Bulgarian and European business associations, representatives of key Bulgarian and European development institutions, including the EBRD, European Investment Fund, Bulgarian Development Bank, Bulgarian Investment Agency.

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.

On September 3, 2021 Moody’s Investors Service (“Moody’s”) has changed the outlook on the International Bank for Economic Co-operation’s (IBEC) rating from Stable to Positive and has affirmed long-term foreign currency issuer rating at ‘Baa3’.

Today, September 1, in the building of the Bulgarian Stock Exchange in Sofia, an official ceremony "Ring-The-Bell" took place, marking the listing of the Bulgarian bonds issuance of the International Bank for Economic Co-operation (IBEC). Denis Ivanov, Chairman of the IBEC Board, gave a start to the stock exchange session by symbolically ringing the stock exchange bell together with the Deputy Minister of Finance of Bulgaria and the head of the Bulgarian delegation to the IBEC Council, Monika Dimitrova-Beecher, and Deputy Chairman of the Board of Directors of the Bulgarian Stock Exchange Vasil Golemanski.