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Raiffeisen Bank largest issue of green bonds starts trading at the Bucharest Stock Exchange
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Raiffeisen Bank Romania green bonds start trading on Bucharest bourse
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EBRD backs first green bond issued by a bank in Romania
EBRD backs first green bond issued by a bank in Romania
Raiffeisen Bank Romania accesses capital markets to fund climate projects
Promoting green transition and developing capital markets among EBRD’s top priorities Reinforcing its position as a leader in green finance and a strong supporter of capital markets, the European Bank for Reconstruction and Development (EBRD) has invested RON 53 million (€11 million equivalent) in a senior preferred green bond issued by Raiffeisen Bank Romania, a subsidiary of the Austria-based group Raiffeisen Bank International. Thanks to healthy demand, Raiffeisen raised RON 400 million (€81 million equivalent) to finance climate and environmental projects. The bonds have a five-year maturity and are expected to be listed on the Luxembourg Stock Exchange and on the Bucharest Stock Exchange. The issuance was 1.6 times oversubscribed.
Raiffeisen Bank Romania raises 400.6 mln lei (81 mln euro) in green bond placement Raiffeisen Bank Romania
BUCHAREST (Romania), May 10 (SeeNews) - Raiffeisen Bank Romania raised 400.6 million lei ($98 million/ 81 million euro) through a green bond placement, it said.
The bank plans to use the funds to finance eligible project which can ensure transition to a sustainable, durable economy, it said in a press release on Friday.
The bonds have a five-year maturity and a fixed coupon rate of 3.086%. The issue was 1.6 times oversubscribed.
The bonds will be included in Raiffeisen s own funds and eligible debts, after receiving the approval from the country s central bank BNR.
World’s Best Banks 2021: Central & Eastern Europe
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This year’s best banks in the Central & Eastern European region responded to the pandemic crisis with agility.
May 04, 2021
Most countries in Central and Eastern Europe were less affected than their western neighbors by the first wave of the pandemic. During 2020 their economies, which are typically based more on manufacturing and agrobusiness than consumer-facing services, proved resilient and in many cases registered positive growth.
The region’s leading banks responded to this by expanding their loan portfolios across the board while at the same time cutting costs and shoring up their capital base through retained earnings and increasing provisions against anticipated Covid-19 related loan losses.
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