PROJECT

Projects

Summary of Investment Information

Project Number

46482

Company Name

RAIFFEISEN BANK SA

Date SPI Disclosed

Aug 17, 2022

Country

Romania

Region

Europe

Projected Board Date

Aug 3, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Sep 30, 2022

Department

Regional Industry - FIG - ECA

Industry

Financial Markets

Previous Events

Approved : Aug 3, 2022
Signed : Aug 5, 2022
Invested : Aug 17, 2022

Sector

Commercial Banking - General

Project Description

The proposed project is to invest up to US$100 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. The bonds will be issued under the Bank’s recently developed Sustainability Bond Framework which is aligned with ICMA’s Green Bond Principles, Social Bond Principles, and Sustainability Bond Guidelines, as confirmed by an independent second party opinion provider, and as such will support the growth of a sustainable economy in Romania. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation