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Raiffeisen Bank Romania raises 400.6 mln lei (81 mln euro) in green bond placement

Raiffeisen Bank Romania raises 400.6 mln lei (81 mln euro) in green bond placement Raiffeisen Bank Romania

BUCHAREST (Romania), May 10 (SeeNews) - Raiffeisen Bank Romania raised 400.6 million lei ($98 million/ 81 million euro) through a green bond placement, it said.

The bank plans to use the funds to finance eligible project which can ensure transition to a sustainable, durable economy, it said in a press release on Friday.

The bonds have a five-year maturity and a fixed coupon rate of 3.086%. The issue was 1.6 times oversubscribed.

The bonds will be included in Raiffeisen's own funds and eligible debts, after receiving the approval from the country's central bank BNR.

"Through this issue we want to reaffirm our commitment to contribute to the development of sustainable and prosperous communities by mobilizing resources to projects that generate value for the whole society and have a positive social and environmental impact," Raiffeisen Bank Romania president and CEO Steven van Groningen said.

($=0.8326 euro)

Raiffeisen Bank SA is among the biggest banks in SEE, for more reference take a look at Top 100 banks
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