Romania Project Notice - 44525

Project Notice

PNR 44525
Project Name Raiffeisen Bank Green Bond
Project Detail The EBRD invested RON 53 million (ca. EUR 10.8 million) in a senior preferred green bond issuance of RON 400.6 million by Raiffeisen Bank S.A., a commercial bank incorporated in Romania, in May 2021. This is the first senior preferred instrument issued by Raiffeisen Bank, and the first green bond issued by a commercial bank in Romania, making it a pioneer issuance linked to environmental, social and corporate governance in the Central and Eastern Europe. The bond has a 5-year maturity, with a call option after the fourth year, and is expected to be listed on the Luxembourg and the Bucharest Stock Exchanges in 2021. 100 percent of the proceeds of the green bond will be used for eligible projects in line with Raiffeisen Bank green bond framework. Project Objectives The project contributes to the resilience of a systemic bank in Romania, facilitates capital market development in the country, supports the first ever green bond framework launched by a Romanian bank, that is aligned with the Green Bond Principles of the International Capital Market Association, and helps to deliver the EBRDs green agenda in the country and national green economy priorities.
Funded By European Bank for Reconstruction and Development (EBRD)
Sector Forestry
Country Romania , Eastern Europe
Project Value 401 Million

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