Raiffeisen Bank listed on Wednesday, August 31, the first issue of sustainable bonds, worth about 500 million lei, on the Bucharest Stock Exchange (BVB).

This is the first issue of sustainable bonds that Raiffeisen Bank lists on the BVB and the 5th issue of bonds tradable on the stock exchange, the value of all 5 bonds issued by Raiffeisen Bank being over 3 billion lei.

“With today’s listing of the sustainable bonds issued by Raiffeisen Bank, we are registering a first at the Bucharest Stock Exchange, being the first bonds of this type to be listed on the stock exchange. The success of this issue, as well as its listing on the stock exchange, proves once again that the local capital market is becoming an important source of financing for companies aiming to implement sustainable projects. We, at the Bucharest Stock Exchange, propose to strengthen this direction that we consider important in the development of Romania, namely, the sustainability of projects financed through the capital market, and we want other issuers to follow the example of Raiffeisen Bank,” said Adrian Tănase, CEO, BVB.

The bonds have a maturity of 5 years being due in 2027 and a fixed annual interest of 8.92%.

“We are proud that with this bond issue we mark a new first on the local capital market, confirming, once again, our pioneering role and our commitment to support a sustainable development of the Romanian economy. Social aspects, as well as those related to the environment, are constantly on the investors’ radar, so we are happy with the increased interest shown by institutional investors for this issue of sustainable bonds,” said Romulus Mircea, Executive Director – Asset and Liability Management, Raiffeisen Bank.

The funds raised will be used to finance sustainable projects, according to the eligibility criteria described in the Bank’s Framework for Sustainable Bonds.