November 2 (SeeNews) - Raiffeisen Bank Romania listed a 325.5 million lei ($65.6 million/66.3 million euro) sustainable senior bond issue on the regulated market of Bucharest Stock Exchange, BVB, the bourse said on Wednesday.
The senior, eligible, ordinary, sustainable bonds have a five-year maturity and a 9.404% fixed annual interest rate, the bourse said in a press release.
The securities, which will be traded under the ticker symbol RBRO27B, are the second sustainable bond issue that Raiffeisen has listed on the BVB and its sixth issue of tradeable bonds on the stock market, with all six of its issued bonds reaching a total value of 3.3 billion lei,
"In spite of the difficult geopolitical context, market conditions, and capital market volatility, we are upholding our commitment to responsible banking and are listing a new ESG-format bond issue on the Bucharest Stock Exchange, successfully issued in accordance with Raiffeisen’s Sustainable Bond Framework," Raiffeisen Bank director of assets and liabilities management bank Romulus Mircea said.
The funds raised will be used to finance and refinance, partly or wholly, new or existing eligible loans with distinct environmental benefits, such as Eligible Social and Green Loans, with a minimum of 50% allocated to those in the social category. Up to 100% of the remainder will be allocated to those in the green category under the eligibility criteria defined in the Issuer Framework for the Issuance of Bank Sustainability Bonds.
Raiffeisen Bank Romania serves 2.28 million customers, both private individuals and legal entities. The bank has over 4,700 employees, around 300 branches across the whole country, 1,131 ATMs and MFMs, and a network of over 27,900 POS terminals.
(1 euro=4.9113 lei)
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