With a total demand of over RON550 million, the bond issue was oversubscribed 1.85-fold compared to the amount announced initially at the opening of the private placement, in line with data released by Raiffeisen Bank representatives on Friday (June 10).
Data also show this is Raiffeisen Bank’s third green bond issue and the second series of senior non-preferred bonds.
The bonds will be listed on the Luxembourg and Bucharest Stock Exchanges and will be included in the bank’s own funds and eligible liabilities base upon prior confirmation of eligibility by Romania’s central bank.
Raiffeisen Bank had a net profit of RON218 million in the first quarter of 2022, up 10% on the year.