Raiffeisen Bank is First Romanian Lender to Issue Green Bonds

Raiffeisen Bank raised €80mn in the first issuance of green bond by a local Romanian bank. The senior green bond is issued as the bank mobilizes resources for projects that have a positive environmental impact. The proceeds go towards projects which ensure the transition to a sustainable environment and durable economy. The high interest of investors in the issuance demonstrates how sustainability has a growing role in the investment decision-making of financial institutions. The bond is denominated in local currency (RON) with a five-year maturity and a yield of 3.086% (50bps spread over Romanian Government Bond Yield Curve). The issue was 1.6 times oversubscribed.

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