The sustainable, non-preferential, unguaranteed, senior-type bonds, eligible for the minimum requirement of own funds and eligible liabilities, denominated in lei, which enter trading today, February 28, have a maturity of 5 years, being due on December 7, 2027 and the annual fixed interest, of 8.817%.
Raiffeisen Bank issued and sold to qualified investors, 703 bonds, with a nominal value of RON 525,000 (€ 105.000).
"Raiffeisen Bank is one of the most active issuers in the financial-banking system on the local capital market, with 7 issues of bonds that are traded today at BVB and which add up to a total value of over RON 3.7 billion (€ 73.8 million). It is the bank's 3rd sustainable bond issue listed on the stock exchange, along with 3 other green bond issues. The particularities of these bond issues reaffirm the direction that both we and the investors consider important for the society we live in, namely the sustainability of all projects financed through the capital market. We want to continue to contribute to the sustainable development of the Romanian economy through the mechanisms of the capital market and to see more and more issuers consistent in the implementation of projects dedicated to sustainability", said Adrian Tanase, CEO of the Bucharest Stock Exchange.
The Issuer will use an amount equivalent to the net income obtained from the issue of bonds for the financing and/or refinancing, partially or fully, of new or existing eligible loans that offer distinct benefits for the environment, such as Green and Socially Eligible Loans, with a minimum allocation of 50% for social categories. The difference up to 100% will be allocated to the green categories, according to the eligibility criteria described in the Issuer's Framework regarding the issuance of the bank's Sustainability Bonds.
Raiffeisen Bank listed its first bonds on the Bucharest Stock Exchange in 2013. In the 10 years, the bank listed 9 bond issues on the stock exchange, two of which have already reached maturity. In 2021, Raiffeisen Bank marked a first on the capital market, but also in the Romanian banking sector by listing on the Regulated Market of the Bucharest Stock Exchange the first issue of green bonds worth over RON 400 million (€ 80 million). In the years that followed, the bank continued to issue and list new green and sustainable bonds, reaching the value of all Raiffeisen Bank issues traded on the stock exchange to be RON 3.7 billion (€ 73.8 million).
