Archives: iib Events

The iibCV organizes a Blood Donation campaign (II Edition), in favor of Hospital da Praia – Santiago Island.

The iibCV and the Ministry of Agriculture and Environment sign a Memorandum of Understanding – financing imports of essential food items essential for food and nutritional security and maintenance of the productive capacity of the livestock sector.

The international investment bank SA in signing an addendum to the Protocols of the Partial Credit Guarantee System with the Government of Cape Verde.

iib CV and Correios de CV, sign a protocol, which aims to establish commercial partnership relations between the parties, which provides that Correios de Cabo Verde, represents the banking services of iibCV.

The international investment bank S.A. (iibCV), in partnership with the United Nations Development Program (UNDP) & the Joint Fund, has announced the launch of the first Public Offering of Green Bonds in Cape Verde.

iibCV, in partnership with UNDP & the Joint Fund, announced today, November 24, through the Cape Verde Stock Exchange, at the Special Launch Session of the Public Offering for Subscription and Listing of the iib Green Bonds designated as “iib Renewable and Energy-Efficiency Green Bond Series E – 3.5% 2023 | 2026”.

These bonds are aimed at domestic and foreign investors and represent a bond loan from iibCV in the initial total amount of 400,000,000 CVE (four hundred million escudos).

The purpose of this public offering is to finance iib’s activities, complemented by the implementation of its sustainability and social responsibility policy, as well as a noble objective that deserves to be highlighted: there will be an additional remuneration of 0.5% per year on the total amount subscribed, destined for the Agostinho Neto University Hospital (HUAN), to finance the development of projects related to the generation of renewable energy, energy efficiency, pollution reduction, water and waste management, in the area of the Green Economy.

Subscription orders can be submitted through the Blu-X trading platform (www.blu-x.cv) of the Cape Verde Stock Exchange for those who have an account, or over the counter of the banks operating the exchange.

In this sense, we recognize the crucial importance of the banks operating the stock exchange, which play a fundamental role in receiving subscription orders from their clients, thus contributing to the success of this operation.

The international investment Bank S.A. (iibCV) and the Associação Académica da Praia (AAP) signed a protocol on, December 5, 2023.

The aim of this agreement is for the iibCV to make a financial donation to the AAP, with the aim of improving the conditions for practicing sport and enhancing the performance of its senior soccer team, which will take part in Cape Verde’s soccer competitions in the 2023/2024 season.

This joint commitment between the AAP and the iibCV represents a fundamental step towards promoting sport as a tool for social inclusion and developing opportunities for young people in situations of social vulnerability.

The 2nd Edition of the Business Breakfast of the international investment bank, S.A. (iibCV), organized in collaboration with the Sotavento Chamber of Commerce (CCS) and as part of the Technical Days of the XXVI Edition of the Cape Verde International Fair, which will take place in Praia from 15 to 18 November 2023, was an absolute success!

Under the theme “Trade Finance – Internationalization of Cape Verdean companies”, the event aimed to open up discussion on strategies and best practices for boosting international business, with a special focus on effective methods for mitigating trade flow risks, and was attended by several national companies, importers and exporters and other stakeholders who believe in the internationalization of the Cape Verdean economy.

Trade finance is the crucial and unavoidable answer to internationalization.

This initiative has strengthened iibCV’s position as a strategic partner for companies in the internationalization process, with a market share of 39.29% of trade finance transacted in Cape Verde.

We will continue to promote the internationalization and competitiveness of our companies, opening up new opportunities and new business relationships.

Special thanks to all those present, whose participation was vital to the success of the event.

To the guest speakers, Dr. Manuel Fernandes, specialist in Trade Finance, Dr. Marcos Rodrigues, President of the Sotavento Chamber of Commerce, Dr. Isidoro Gomes, CEO of the Cape Verde Post Office, we would like to thank them for sharing in the construction of new paths for the success of the Cape Verdean business fabric and for showing that banks must be partners with companies in the internationalization process.

The international investment bank S.A (iibCV) has achieved an unprecedented feat by becoming the first African financial institution to list a sustainable asset on one of the world’s most important stock exchanges, the Luxembourg Sustainable Stock Exchange (LuxSE).

Blue Bond was listed on LuxSE on November 14, 2023, in Luxembourg, with a presentation in Praia yesterday (22/11/2023), at an event attended by the Minister of Communities of Cape Verde, Jorge Santos, the Chairman of the Board of Directors of the Cape Verde Stock Exchange, Miguel Monteiro, the Chairman of the Executive Committee of iibCV, Francisco Ferreira, and the illustrious presence (online) of the Chairman of the Board of Directors of the Luxembourg Stock Exchange (LuxSE).

This first Dual Listing is a historic milestone for Cape Verde, putting the country on the international map as a benchmark in promoting ocean sustainability.

This listing on LuxSE not only places iibCV as the first Cape Verdean entity to list a sustainable asset on an international stock exchange but also reinforces iibCV’s ongoing commitment to ocean sustainability and its ability to attract investors committed to environmental and social causes.

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iibCV, through the Cape Verde Stock Exchange (BVC), has successfully issued a Derivative for the second time in the Cape Verde Capital Market. This Derivative, titled “CREDIT LINKED NOTES – iib PRAE – ECONOMIC RESTRUCTURING AND SUPPORT PROGRAM Series B (4% TANB) – 2023 | 2027,” with a nominal value of 5,000,000 escudos each, has reached a total amount of 145,000,000 escudos (equivalent to 1.32 million euros).

The issuance of the Credit Linked Note (CLN) primarily aims to enable economic agents to efficiently adjust their financing structure and democratize access for qualified investors, offering a superior risk-adjusted return. This milestone demonstrates the investors’ confidence in iibCV and the Cape Verdean economy, allowing investors to participate in restructuring and economic support initiatives, contributing to the sustainable development of the country. iibCV reinforces its commitment to economic growth and the capital market by providing innovative financial solutions for economic agents and qualified investors. We hope that this CLN issuance marks the beginning of many other successful initiatives that will help drive the economic development of Cape Verde.

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