EBRD launches €1 billion 7-year green bond

Green Forum

12 July, 2024 at 9:00 AM

The European Bank for Reconstruction and Development (EBRD, Aaa/AAA/AAA) has priced its largest ever green bond transaction, issuing a €1 billion 7-year benchmark.

Issued under EBRD's Environmental Sustainability Programme, the proceeds will support a specific portfolio of green projects ("Green Project Portfolio" or "GPP"), which includes investments in Energy Efficiency, Renewable Energy, Water Management, Waste Management, Pollution Prevention and Control, and Sustainable Transport.

Investor interest surged throughout the morning, surpassing €2.6 billion by 10:13 UKT, allowing the spread to be set at MS+12bps. The order book closed at 10:30 UKT with final orders exceeding €2.7 billion, and the bond size set at €1 billion, with demand from over 70 investors.

EBRD and UniCredit fund Bosnia's largest solar project

EBRD will provide a €25.1 million loan to Elektroprivreda Bosne i Hercegovine (EPBiH) to develop and construct a 50 MWp solar power plant on a former coal ash landfill site.

Industry

EBRD provides €12.2 million for two solar power plants in Romania

The European Bank for Reconstruction and Development (EBRD) is providing €12.2 million for the construction of two solar power plants in Romania's Dolj County.

Energy

EBRD to invest €100 million in Estonia's largest wind park

EBRD will provide €100 million in funding to Enefit Green for the development and operation of the 255 MW Sopi-Tootsi wind park in Estonia.

Finance

EBRD lends €10 million loan to Romanian leasing firm

This loan aims to enhance these firms' access to leasing finance and strengthen their resilience.

Energy

EBRD grants €28 million loan to boost sustainable energy in Montenegro

The European Bank for Reconstruction and Development (EBRD) is extending a sovereign-guaranteed loan of up to €28 million to Crnogorski Elektroprenosni Sistem.

Energy

EBRD lends €100 million to modernize Romanian electricity networks

The European Bank for Reconstruction and Development (EBRD) provided a loan of €100 million to the distribution subsidiaries of Public Power Corporation SA.

Finance

Green energy financing is one of the growth drivers for the banking sector

For the year 2024, Raiffeisen Bank Romania will continue to finance eligible projects that support the sustainable development of key sectors of the economy,

LATEST NEWS

6 Jan

Companies use 40% less office space versus pre-Covid period, says study

22 Dec

ESG under scrutiny as investors, banks and tenants raise the stakes

17 Dec

Waldevar Energy builds utility-scale PV parks in Romania

17 Dec

What the surge in technical services demand means for property investments in 2026

11 Dec

Prologis signs Poland's first logistics PPA deal

CONFERENCES

CEE PROPERTY FORUM & AWARDS GALA 2024 - VIENNA, AUSTRIA

POLAND ESG FORUM 2024

Romania ESG Forum 2024

RECOMMENDED FROM THE HOME PAGE

Regulation

EU scales back corporate sustainability laws — Investors warn transparency will suffer

The European Union has reached a provisional agreement to reduce the scope and stringency of two major ESG regulatory frameworks: Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).

Energy

Waldevar Energy builds utility-scale PV parks in Romania

Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.

Industry

Lidl Romania exceeds 2030 sustainability targets early

Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.

Energy

Dentons advises OX2 on 235 MW Romanian wind acquisition

Global law firm Dentons has advised OX2 on acquiring three wind power projects totaling 235 MW in Romania from Future Power. The projects, located in Vaslui and Vrancea counties, are expected to be commissioned between 2028 and 2030, subject to permitting.

Energy

Turkish investors pour millions into Romanian green energy

Romania is emerging as a key destination for Turkish renewable energy investments, attracting growing interest from industrial and financial groups. Real grid connection opportunities for projects, infrastructure modernisation potential, and investment framework stability make Romania strategic for Turkish capital as Europe accelerates its transition to sustainable sources and energy independence.

POPULAR

Finance

7 months ago

EBRD and ProCredit sign €14 million green guarantee