Raiffeisen Bank Polska S.A. Bond Programme

Location:

Poland

Project number:

46793

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

15 Oct 2014

Status:

Complete

PSD disclosed:

06 Nov 2014

Translated version of this PSD: Polish

Project Description

The EBRD is considering investments in a series of senior unsecured bonds to be issued by Raiffeisen Bank Polska S.A. on the Polish capital market in the next two years under a programme of PLN 2 billion with a maturity of up to 5 years.

This is the first local currency bond programme by Raiffeisen Bank Polska S.A., aiming at greater diversification of its funding base, improved maturity structure of the balance sheet and expansion of lending operations, including to Micro, Small and Medium-sized Enterprises clients.

Transition Impact

The transition impact is derived from

(i) the build-up of the critical mass of outstanding capital market instruments and the establishment of sustained market presence needed to develop market liquidity and attract institutional investors, and

(ii) the demonstrations of balance sheet restructuring and high standards, especially in transparency and accountability to investors.

The Client

Raiffeisen Bank Polska S.A. is a universal bank ranking 8th in Poland with total assets of EUR 12.1 billion as of June 2014.

EBRD Finance

No more than 20% of a single issue.

Project Cost

Up to PLN 2 billion.

Environmental Impact

Categorised FI. As a participating financial institution under the Poland Financial Institutions Capital Market Framework, Raiffeisen Bank Polska (RBPL) will be required to comply with performance requirements (PRs) 2 and 9, adhere to the EBRD E&S Exclusion and Referral List and submit Annual Environmental and Social Reports to the Bank. The Bank’s due diligence has shown that RBPL complies with performance requirements (PRs) 2 and is currently developing its E&S Policy. RBPL’s credit staff will undergo EBRD’s E&S e-learning training programme for FIs. RBPL has the capacity to implement the EBRD E&S requirements.

Technical Cooperation

None.

Company Contact

Arkadiusz Duszak, Head of Active Credit Portfolio Management and Debt Issues
tel. (+48) 22 585 25 21
E-mail: arkadiusz.duszak@raiffeisen.pl

 

Business opportunities

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