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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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.
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.
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 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.
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.
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.
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).
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!
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:
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.
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.