Raiffeisen Bank Romania - Bond Issue

Location:

Romania

Project number:

46021

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

29 Jan 2014

Status:

Signed

PSD disclosed:

21 May 2014

Translated version of this PSD: Romanian

Project Description

The EBRD has subscribed RON 112.5 million in a fiveyear senior unsecured local currency bond issue of Raiffeisen Bank Romania S.A. The issue follows Raiffeisen Bank Romania S.A.’s successful placement of a three-year senior unsecured local currency bond in July 2013, in which the EBRD participated. The proceeds are envisaged to be used by Raiffeisen Bank Romania S.A. for general funding purpose, including the granting of loans to customers.

Transition Impact

The transition impact potential derives from supporting the third local currency bond issue in Bucharest Stock Exchange by Romanian commercial banks since the onset of the crisis, and is envisaged to contribute to development of the local capital market in Romania.

It also supports improved maturity structure of Raiffeisen Bank Romania S.A. by further extending the tenor of liabilities to better match the maturity of the underlying assets.

The Client

Raiffeisen Bank Romania S.A. is the sixth largest bank in Romanian banking system with a market share of 7.3% as of December 2013.

EBRD Finance

RON 112.5 million.

Project Cost

RON 500 million.

Environmental Impact

Categorised FI. Compliance with the EBRD’s Performance Requirements 2 and 9 and the EBRD’s Environmental and Social Procedures for Corporate Lending, including the EBRD’s Environmental and Social Exclusion Lists and annual reporting.

Technical Cooperation

None.

Company Contact

Raiffeisen Bank Romania S.A.
Sky Tower Building, 246C Calea Floreasca, Sector 1, Bucharest, Postal code 014476, Romania
E-mail: centrala@raiffeisen.ro

Contact: Funding Team
Balance Sheet and Portfolio Management
Treasury and Capital Market Division
Phone: +4021 306 1123
Fax: +4021 312 0273
E-mail: funding@raiffeisen.ro

 

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