The issue was also listed on the Luxembourg Stock Exchange.
Raiffeisen Bank raised EUR400.5 million with this bond issue in April 2021 and will channel the funds to finance its eligible projects to ensure the transition to a sustainable and solid economy.
“By listing the green bonds issued by Raiffeisen Bank on the Bucharest Stock Exchange, we reaffirm our commitment to contribute both to the development of sustainable and prosperous communities, by mobilizing resources to projects that generate value for the entire Romanian society, and the development of the capital market by diversifying the products offered to Romanian investors. In fact, Raiffeisen Bank paved the way for other companies on the Romanian market to follow its example,” said Steven van Groningen, Raiffeisen Bank president and CEO.
The bonds have a five-year maturity, a fixed coupon of 3.086%. With a demand of almost RON 650mn, the bond issue was oversubscribed by almost 1.6 times.
“We are pleased that Raiffeisen Bank marks a premiere on the Bucharest Stock Exchange Main Market by listing its first green bond issue. We want to see other companies issuing such bonds soon, especially as institutional investors are increasingly interested in this type of financial instruments,” said Radu Hanga, president of the Bucharest Stock Exchange.
This is Raiffeisen Bank’s fourth corporate bond issue listed in Bucharest.