BVC presents result of the loan subscription offer to iiB in 230 million escudos

Praia, Aug 11 (Inforpress) – The Cabo Verde Stock Exchange (BVC) proceeded on Wednesday, in the city of Praia, to present the results of the private loan subscription offer to the International Investment Bank (iiB) in 230 million escudos.

With a maturity of 10 years and an interest rate, variable, around 3.25%, the purchase price was 1.000 escudos for each bond, with qualified investors as recipients. It is intended with this bond loan, to enable the participation of investors in the performance of the institution through a hybrid instrument, with reinforcement of the Bank’s complementary own funds.

BVC’s executive director, Edney Cabral, considered this particular offer a success for the amount raised, as proof of great confidence in the Cabo Verdean financial system and iiB.

The chairman of the executive committee of the iiB, Francisco José Ferreira, said that this issue is an instrument that this bank has put to availability, given the interest of qualified investors, to participate in the history has been followed by this institution in recent years.

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