PROJECT

Projects

Summary of Investment Information

Project Number

45268

Company Name

RAIFFEISEN BANK SA

Date SPI Disclosed

May 18, 2021

Country

Romania

Region

Europe

Projected Board Date

Apr 30, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jul 23, 2021

Department

Regional Industry - FIG - ECA

Industry

Financial Markets

Previous Events

Approved : Apr 30, 2021
Signed : May 4, 2021
Invested : May 14, 2021

Sector

Commercial Banking - General

Project Description

The proposed project is to invest up to US$160 million equivalent (in RON and/or EUR) for IFC’s own account in Minimum Requirement for Own Funds and Eligible Liabilities (MREL) eligible bonds (senior preferred, SP, and senior non-preferred, SNP) with up to 7 years tenor to be issued by Raiffeisen Bank S.A. (RBRO or the Bank), in line with its funding plan. It is expected that these bonds will be issued under RBRO's green bond framework and will be the first green bonds issued by a financial institution in the country, with use of proceeds earmarked for climate finance, including green mortgages and buildings, energy efficiency, renewable energy, sustainable agri-finance, and clean transport. 

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation