After the recent scandal ending with Raiffeisen bank having to pay EUR 19 million for ripping customers off with extremely high-interest rates, the Bucharest Stock Exchange listed a new Raiffeisen green bond(BVB: RBRO27B). The bond is a sustainable and ESG-compliant 5 years bond with a value of RON 325 million.
“The issue bond will allow us to direct the funds we raise into projects making a valuable contribution to the community and environment.”
Romulus Mircea, Director of Assets and Liabilities Management Raiffeisen Bank
Specifically, the money obtained will be used to finance or refinance loans with clear environmental advantages, such as Eligible Social and Green Loans, with at least 50% of the funds going to loans in the social category. Mircea further added that those who meet the qualifying requirements outlined in the Issuer Framework for the Issuance of Bank Sustainability Bonds will receive up to 100% of the remaining funds.
The bonds, which will be traded on the Regulated Market, are the second sustainable bond issuance Raiffeisen has listed on the BVB and its sixth tradeable bond issue on the stock market, with a total value of RON 3.3 billion for all six of its issued bonds (EUR 660 mln).
![](https://valahia.news/wp-content/uploads/2020/07/Advertise-your-business-with-us-1.jpg")
