PROJECT

Projects

Summary of Investment Information

Project Number

47457

Company Name

UNICREDIT BANK SA

Date SPI Disclosed

Jan 13, 2023

Country

Romania

Region

Europe

Projected Board Date

Dec 8, 2022

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Jan 13, 2023

Department

Regional Industry - FIG - ECA

Industry

Financial Markets

Previous Events

Approved : Dec 8, 2022
Signed : Dec 15, 2022
Invested : Dec 21, 2022

Sector

Commercial Banking - Housing Finance

Project Description

 The proposed project is an investment of up to US$80 million (in Euro or Romania Leu equivalent) in one or more senior unsecured bonds to be issued by UniCredit Bank S.A. in Romania (UCB or the Bank). The Bank plans to raise the equivalent of EUR200 million in total, over the next twelve months, in bonds with maturities between 3 and 7 years, of which IFC would invest up to 40 percent. The proceeds of IFC’s investment would be entirely used to finance UCB's green housing portfolio.            

Associated Advisory Engagement

                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation