“Romania’s first green bond backed by EBRD” – Energy Live News – May 18, 2021

On May 18, 2021, Energy Live News reported that “the European Bank for Reconstruction and Development (EBRD) has invested €11 million (£9.48m) in the first green bond issued by a bank in Romania.

It has been issued by Raiffeisen Bank Romania, which has raised €81 million (£69.8m) to finance climate and environmental projects.

The bonds have a five-year maturity and are the latest in the EBRD’s €9 billion (£7.7bn) overall investment in Romania to date.

Mark Davis, EBRD Regional Director for Romania and Bulgaria, said: ‘The EBRD remains at the  forefront of efforts to strengthen Romania’s capital markets. Today we are pleased to back the country’s first green bonds.  This pioneering move by Raiffeisen will pave the way for the creation of more securities intended to support sustainability, as the strong market reaction indicates.’”

You may read the article on the Energy Live News internet site.