Project Notice

PNR 28942
Organization Commercial Banks Romania
Work Detail Project Description Romania - Bond Market Framework II (the "Framework") for the Bank to invest in medium to longterm negotiable debt securities, issued by Romanian banks or non-bank financial institutions ("Participating Financial Institutions" or "PFIs"). The eligible investments will include senior, secured (covered bonds, asset-guaranteed bonds) or unsecured instruments, as well as medium-term note programmes. The current Framework is a continuation of the previous Romania - Bond Market Framework approved by the EBRD in June 2013. Project Objectives The proposed Framework is compliant with the Country Strategy for Romania, approved by EBRD on 30 September 2015 which indicates that the Bank will pursue the strategic orientation of "Broadening access to finance by inducing lending and developing capital markets." The Framework contributes to the capital market development by supporting the issuance of senior bonds, as well as more complex financial instrument that are new to the market: covered bonds and asset-guaranteed bonds that would allow local PFIs to strengthen and diversify their funding sources and would contribute to a better balance sheet structure.
Funded By 36
Country Romania , Eastern Europe
Project Value 350 Million

Work Detail

Project Description Romania - Bond Market Framework II (the "Framework") for the Bank to invest in medium to longterm negotiable debt securities, issued by Romanian banks or non-bank financial institutions ("Participating Financial Institutions" or "PFIs"). The eligible investments will include senior, secured (covered bonds, asset-guaranteed bonds) or unsecured instruments, as well as medium-term note programmes. The current Framework is a continuation of the previous Romania - Bond Market Framework approved by the EBRD in June 2013. Project Objectives The proposed Framework is compliant with the Country Strategy for Romania, approved by EBRD on 30 September 2015 which indicates that the Bank will pursue the strategic orientation of "Broadening access to finance by inducing lending and developing capital markets." The Framework contributes to the capital market development by supporting the issuance of senior bonds, as well as more complex financial instrument that are new to the market: covered bonds and asset-guaranteed bonds that would allow local PFIs to strengthen and diversify their funding sources and would contribute to a better balance sheet structure.

Contact Information

Project Name Bond Market Framework II

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