iibCV Successfully Issues Derivative through the Cape Verde Stock Exchange

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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iibCV AND BODIVA sign memorandum of understanding

On the sidelines of iib’s participation in the IV Edition of the BODIVA Forum, iib and BODIVA signed a Memorandum of Understanding focused on the development of the Capital Market, within the scope of the development, structuring and placement of financial instruments, ensuring their suitability to the market.

They also undertake to ensure contacts between the two Institutions taking into account the mutual interests in the development of Human Capital, through the sharing of knowledge and the promotion of education and financial literacy.
iibCV VISITS THE NATIONAL BANK OF ANGOLA (BNA)

Parallel to the participation in the IV Edition of the BODIVA Forum (Angolan Debt and Stock Exchange), the iib team was received by the National Bank of Angola with the aim of sharing our experience as an international investment bank in the implementation of good ESG Practices, with a focus on the issuance of Social and Blue Bonds.

Doing Business Cabo Verde Executive Brunch, an initiative of FORBES ÁFRICA LUSÓFONA

In a discussion forum focused on Doing Business in Cape Verde, held in the Angolan capital, Luanda, iib shared its contribution, focusing on distinctive components of the Cape Verdean economy, such as political and social stability, currency convertibility, the free movement of capital and the exchange peg of the Cape Verdean escudo (CVE) to the Euro, characteristics that confer unique conditions for foreign investment.

The event was attended by His Excellency. the President of the Republic of Cape Verde, Dr. José Maria Neves.
Link:
https://www.forbesafricalusofona.com/cabo-verde-tem…

The international investment bank (“iibCV”) participated in the 8th Edition of the Cabo Verde Governance Forum – Challenges and Opportunities for Cape Verde, focusing on the challenges of implementing ESG principles, an event that was attended by the main economic agents of the market.

In this context, iib was present as a speaker at Workshop II – PERSPECTIVES ON THE MAIN CHALLENGES OF THE Cape Verdean banking system, where he shared his approach to the implementation of a transparent and collaborative governance structure, as well as the history related to the development of his Sustainability and Social Responsibility Policy and his strategic positioning that puts people at the center of his strategy, considering the development of Human Capital as the differentiating factor of the activity.
iibCV VISITS ANGOLA’S MINISTRY OF PLANNING

As part of the participation in the IV Edition of the BODIVA Forum (Angolan Debt and Stock Exchange), the iib was received by the Ministry of Planning of Angola, represented by Mr. Secretary of State for the Economy Dr. Ivan dos Santos, with the aim of sharing our experience as an international investment bank in the implementation of good ESG Practices, with a focus on the issuance of Social and Blue Bonds.

iibCV VISITS THE MINISTRY OF FINANCE OF ANGOLA

Also within the scope of the participation in the IV Edition of the BODIVA Forum (Angolan Debt and Stock Exchange), the iib team was received by the Ministry of Finance of Angola, represented by Mr. Secretary of State for Finance and Treasury Dr. Ottoniel Lobo Carvalho dos Santos, with the aim of sharing our experience as an international investment bank in the implementation of good ESG Practices, with a focus on the issuance of Social and Blue Bonds.

iibCV PARTICIPATES IN THE IV EDITION OF THE BODIVA FORUM

The announcement of the public issuance of the Blue Bonds iib, called “iib Marine and Ocean-Based Blue Bonds”, which took place last January at the event “THE OCEAN RACE MINDELO SUMMIT”, was attended by distinguished personalities, including the Honorable Sec. General of the United Nations Eng. António Guterres, the Honourable Prime Minister of Cape Verde Dr. Ulisses Correia e Silva, the Prime Minister of Portugal Dr. António Costa, as well as the representatives of the Angolan Debt and Stock Exchanges (BODIVA) and the Mozambique Stock Exchange (BVM).

Based on this announcement, the International Investment Bank (iibCV) together with the Cape Verde Stock Exchange, were invited to participate as speakers in the IV Edition of the BODIVA Forum, aiming to share experiences achieved in the development of the capital market in Cape Verde.
iibCV was represented as a speaker at the Forum – Panel Discussion II, whose theme was “The Stock Exchange Market and Sustainable Financing”, sharing our experience as an international investment bank in the implementation of good ESG Practices, with a focus on the issuance of Social and Blue Bonds.
INDEXED SOLIDARY TERM DEPOSIT SOS VILLAGES and iib SOLIDARY INDEXED BOND

Aligned with its Sustainability and Social Responsibility Policy, iibCV, in partnership with SOS Children’s Villages in Cape Verde, launched the “Indexed Solidary Term Deposit SOS Villages” and the “iib Solidary Indexed Bond” products between October and December 2022. Upon the conclusion of the commercialization period for these products, SOS Children’s Villages received a remuneration of 3,200,000 CVE. An event took place at the National Directorate of SOS Children’s Villages in Achada São Filipe – Praia, where a symbolic check of the same amount was presented, aiming to finance the direct needs of the children and youth residing in the S. Domingos Children’s Village, specifically operational expenses. iibCV did things differently to make a difference!

Now reading at the SOS Village in São Domingos:
“TENDERLY SPONSORED SO THAT ALL CHILDREN CAN RECEIVE THE CARE THEY NEED AND THUS BECOME THE AUTHORS OF THEIR OWN STORIES. iib EMPLOYEES”
BOLSA AWARDS – 1st EDITION

iibCV emerged as the winner in 5 (five) different categories during the “Bolsa Awards” event held on May 13, 2023, as part of the 25th anniversary of the Cape Verde Stock Exchange. The bank received the highest number of awards presented that night, including:

  • 2022 Issuer Award;
  • 2022 Stock Operator – Primary Market (Global);
  • 2022 Stock Operator – Primary Market (Corporate and Municipal);
  • Gold Broker Operator;
  • Innovation in the Capital Market.
The “Bolsa Awards” event aimed to recognize the key participants in the Cape Verdean capital market, highlighting those who have made significant contributions to its development, whether as issuers, stock operators, or partners. Among these, the “Gold Broker Operator” category deserves special mention. This award aimed to distinguish the operator who provided the best assistance to investors in the process of acquiring or selling securities, as well as in providing useful clarifications. The winner was decided through public voting by investors.
Being recognized by our clients and relevant market stakeholders as a significant economic agent for the development and innovation of the market, with a particular focus on the capital market, is a source of pride and motivation for us to continue striving to do more and better, bringing new investment opportunities to Cape Verde.
The iib team remains committed to driving our activities through imagination, innovation, and daring, which are our defining characteristics. Achievements are not attained by working individually, so we extend our sincere gratitude to our employees, clients, investors, and other stakeholders who have contributed to the success of each product developed, issued, and/or marketed by iibCV.
iibCV does things differently to make a difference!
ACADEMIC EXCELLENCE INCENTIVE PROGRAM (2nd EDITION)

As part of the implementation of its Sustainability and Social Responsibility Policy, the international investment bank (iibCV), in partnership with the Ministry of Education, today honored the top students from undergraduate programs at Cape Verdean universities. Our heartfelt congratulations to the recipients of the 5 Merit Scholarships awarded, the “iib Merit Scholarship”: Riana Sofia Lopes Monteiro, Wilkar José dos Reis da Graça, Freidy Jorge Lima Soares, Jacira Simone Sequeira Lima, Eliana Nataly Oliveira Ramos. Additionally, we extend our special congratulations to the student honored with the “iibCV Excellence” distinction, Dr. Wilian Michel Monteiro, for his academic performance throughout his undergraduate studies.

The ACADEMIC EXCELLENCE INCENTIVE PROGRAM, a partnership between the international investment bank S.A. (iibCV) and the Ministry of Education, took place today at the Trópico Hotel in Praia. It aims to recognize and reward the top students regularly enrolled in undergraduate programs in the fields of Economics and Social Sciences at Higher Education Institutions established in Cape Verde, with the goal of stimulating and promoting higher education and academic meritocracy.
iibCV did things differently to make a difference!
BUSINESS BREAKFAST iib

iibCV held its first “Business Breakfast iib” at Hotel Trópico on June 9th. The event aimed to address the current international and national economic context, the recent history of iib, our causes and achievements, and our results, which greatly reflect the essence of our identity, the will, and the spirit of our People.

As usual, we had the participation of distinguished partners and stakeholders, whose contributions we greatly value. The event was attended by Dr. Carlos Furtado, Director of Economic and Statistical Studies at the Bank of Cape Verde, who shared insights into the international and national macroeconomic situation. Dr. Carlos Cruz, representing SOS Children’s Villages Cape Verde, gave an inspiring testimony about the outcome of the social responsibility actions carried out by iibCV in support of SOS Villages.
The event featured various moments of sharing and emotions, among which the surprise recognition of iibCV employees who have dedicated more than 10 years to this institution, which is ours. To the recipients, a heartfelt thank you for their dedication and commitment!
The year 2022 was an excellent year for iibCV, as it experienced significant balance sheet growth and achieved its best financial results without a significant increase in risk-weighted assets. At the same time, operational profitability increased significantly.
The efficiency, profitability, and solvency indicators reflect a commendably solid operational structure, which provides comfort, especially valued by all our stakeholders, given the phase of uncertainty and perceived high risk presented by the current context. 2022 marks the second consecutive year in which iibCV achieves its best performance in history, as reflected in the results and the following accomplishments.
iibCV did things differently to make a difference!