Romania, BCR lists second green bond at Bucharest Stock Exchange

, SEE Energy News

Banca Comerciala Româna (BCR), a part of Erste Bank Group, listed on the Bucharest Stock Exchange (BCB) a new green bonds issue worth 140 million euros.

The non-preferential senior green bonds have a maturity of 5 years and an annual fixed rate of 9.079 %.

BCR CEO Sergie Manea said that these offers, in addition to all our similar initiatives, are part of the bank’s vision for the sustainable and long-term transformation of the Romanian economy. Investors are increasingly paying attention to the resources they choose to support, it is a sign of responsibility and, at the same time, of confidence in the capital market, even in a difficult international context.

The new issue of green bonds is in line with the bank’s efforts to align with the ESG (Environmental, Social and Governance) criteria.

The bonds received a long-term BBB+ rating from the agency rating Fitch.

It is the second issue of green bonds listed by BCR at the BVB after the first one in October last year, worth some 100 million euros.