The bonds will pay a fixed annual coupon of 8.81%, which is 1.2 percentage points above the yield on benchmark leu-denominated government securities of the same maturity, and will be listed on both the Luxembourg (LuxSE) and Bucharest (BVB) stock exchanges.
This is the fourth issue of senior non-preferential bonds out of the bank’s six eligible bond issues.
The funds attracted will be used to finance sustainable projects and half the funds will be geared towards funding social projects, namely, the funding of small and medium-sized enterprises SMEs in underdeveloped regions countrywide, accessible housing units, access to essential health services, education and infrastructure.
Over the last two years, Raiffeisen Bank has placed eligible bond issues worth over RON3.3 billion.