EBRD invests 35 mln euro in Erste Croatia’s first green bond

"The new issuance is the first green bond ever placed by a bank in Croatia," EBRD said in a press release.

The issuance will support ESB’s regulatory compliance, contribute to the diversification of its funding base and increase its loss-absorption capacity and resilience. It will also promote the green agenda in Croatia.

This investment also represents the EBRD's sixth purchase of a minimum requirement for own funds and eligible liabilities (MREL)-eligible bond issued by a Croatian bank. Three of these purchases have been in support of ESB thus far.

So far, the EBRD has invested more than 4.7 billion euro in Croatia across 248 projects.

The bond has been listed on the Vienna Stock Exchange.

($ = 0.929 euro)