PROJECT

Projects

Summary of Investment Information

Project Number

49235

Company Name

ERSTE & STEIERMARKISCHE BANK D. D.

Date SPI Disclosed

Jan 25, 2024

Country

Croatia

Region

Europe

Projected Board Date

Jan 19, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Feb 2, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Jan 19, 2024
Signed : Jan 22, 2024
Invested : Jan 31, 2024

Sector

Commercial Banking - General

Project Description

The project entails an IFC investment of €15.0 million in the first green senior preferred bond issued in the international market by Erste & Steiermarkische Bank d.d. (ESB or the Bank) in line with the principles of the Erste Group’s Sustainable Finance Framework. The bonds were offered to institutional investors on the Vienna Stock Exchange under the Bank’s Multi Issuer EMTN Programme, consisting of the Securities Note dated 4 December 2023 and Registration Document dated 4 December 2023.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation