Romania: Second green bond issue at Raiffeisen

, SEE Energy News

On 2 July on the Bucharest Stock Exchange the second green bond issue of the Romanian subsidiary of Raiffeisen Bank (RBRO) has started trading.

Previously in June, Raiffeisen Bank raised over 240 million euros, with the largest corporate bond issue in local currency of an issuer in Romania and the first non-preferential senior bond issue of the bank. The funds raised will be directed to finance Raiffeisen Bank’s eligible projects to ensure the transition to a sustainable economy.

The bonds have a 7-year maturity, with a fixed annual coupon of 3.793 %, approximately 0.8 % over the yield of Government securities issued in the same currency and with the same maturity.

The bonds are to be included in the bank’s funds and eligible debts base after the prior confirmation of eligibility by the National Bank of Romania. The total value of the two Raiffeisen Bank green bond issues traded on the stock exchange is 320 million euros.