Raiffeisen Bank is listing today, 28 February, its third issue of sustainable bonds, worth RON 369 mn, on the Main Market of the Bucharest Stock Exchange. The bonds to be traded under the RBRO27C ticker symbol account for the first issue of bonds listed by Raiffeisen on the Bucharest Stock Exchange this year and the seventh issue of exchange-tradeable bonds, totalling RON 3.7 bn.
‘The first day of trading of this issue of sustainable bonds launched by Raiffeisen Bank at the end of last year is what I would like to celebrate with all those who have contributed to the success of the programme. We are proud that the first entrance we made on the local capital market in 2022, by launching the Sustainable Bonds Framework, asserts our ongoing commitment towards responsible banking, in support of projects that add value to the community and the environment’, stated Romulus Mircea, Director of the Treasury Directorate, Raiffeisen Bank
’Raiffeisen Bank is one of the most active issuers in the financial-banking system on the local capital market, with seven bond issues traded today at the BVB with a total value of over RON 3.7 bn. It is the bank’s 3rd sustainable bond issue listed on the stock exchange, along with three other green bond issues. The particularities of these bond issues reconfirm the direction that both we and the investors consider important for the society in which we live, namely the sustainability of all projects financed through the capital market. We want to continue contributing to the sustainable development of Romania’s economy through the mechanisms of the capital market and to see more and more consistent issuers in the implementation of projects dedicated to sustainability“’, stated Adrian Tanase, CEO of the Bucharest Stock Exchange.
The issuer will use an amount equivalent to the net proceeds raised from the issue of bonds to fund and refund, partly or wholly, new or existing eligible loans that bring distinct benefits to the environment, such as Eligible Social and Green Loans, a minimum of 50% being allocated to those pertaining to social categories. The remaining percentage up to 100% will be allocated to those in the green categories as per the eligibility criteria set out in the bank’s Issuer Sustainability Bonds Framework.
Raiffeisen Bank listed its first bonds at the Bucharest Stock Exchange in 2013. In the following 10 years, the bank listed 9 issues of bonds, of which 2 have already reached maturity. In 2021, Raiffeisen Bank made its entrance on the capital market as well as in the Romanian banking sector by listing its first issue of green bonds, worth RON 400 million, on the Regulated Market of the Bucharest Stock Exchange. In the years that followed, the bank continued to issue and to list new green bonds, as well as sustainable ones, and today, the total of the issues of Raiffeisen Bank bonds traded through the exchange has amounted to RON 3.7 bn.