PROJECT

Projects

Summary of Investment Information

Project Number

47981

Company Name

KOMMUNALKREDIT AUSTRIA AG

Date SPI Disclosed

Mar 17, 2025

Country

Unknown

Region

Global

Projected Board Date

Jun 26, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Mar 17, 2025

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Jun 26, 2024
Signed : Jan 22, 2025
Invested : Feb 19, 2025

Sector

Commercial Banking - General

Project Description

The proposed project represents an up to €100 million investment in senior unsecured bonds to be issued by Kommunalkredit Austria AG (KA). IFC contemplates to mobilize up to €100 million from a third-party co-investor under IFC’s Debt Securities Syndications for IFC-Investee Companies (DSS) platform. The proceeds of IFC’s investment will be earmarked for small- to mid-size climate finance projects in the target countries, including Bulgaria, Poland and Romania (the Project).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation