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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

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Raiffeisen issues biggest corporate bond and its second green issue in Romania

Raiffeisen Bank, the Romanian subsidiary of the Austrian group, placed on June 4 its second "green" local currency bond, with a maturity of seven years and a fixed annual coupon of 3.793% - approximately 0.8pp above the yield on government securities in lei reference with the same maturity.

The RON 1.2 bln (EUR 240 mln) size makes it the biggest ever corporate bond in Romania.

The bond issue was addressed to institutional investors, who placed orders in volume of RON 1.35 bln - 1.35 times more compared to the amount initially announced in the opening of the private placement.

The bonds are to be included in the bank's funds and eligible debts after the prior confirmation of eligibility by the National Bank of Romania.

"The funds attracted through these bond issues will be directed to green projects that meet the eligibility criteria defined in the bank's Green Bond Framework," said Romulus Mircea, Director of Balance Sheet and Portfolio Management at Raiffeisen Bank.

"We are talking about investments in the development and renovation of the fund of green buildings, renewable energy, increasing energy efficiency, greening transport and last but not least sustainable agriculture. Also, the bonds are going to consolidate the bank's funds and eligible debts base, creating the premises for the sustainable development of our portfolio of green assets," Romulus Mircea added.

A premiere on the Romanian banking sector, Raiffeisen's first "green" bond, worth RON 400 mln (EUR 80 mln), was listed on Bucharest Stock Exchange (BVB) on May 27. It has a five-year maturity, a fixed coupon of 3.086% - approximately 0.5pp over the yield of government securities with the same maturity and issued in the same currency, RON.

With a demand of almost RON 650 mln, the Raiffeisen's five-year "green" bond was oversubscribed by almost 1.6 times.

(Photo: Monthira Yodtiwong/ Dreamstime)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB
 

Raiffeisen issues biggest corporate bond and its second green issue in Romania

Raiffeisen Bank, the Romanian subsidiary of the Austrian group, placed on June 4 its second "green" local currency bond, with a maturity of seven years and a fixed annual coupon of 3.793% - approximately 0.8pp above the yield on government securities in lei reference with the same maturity.

The RON 1.2 bln (EUR 240 mln) size makes it the biggest ever corporate bond in Romania.

The bond issue was addressed to institutional investors, who placed orders in volume of RON 1.35 bln - 1.35 times more compared to the amount initially announced in the opening of the private placement.

The bonds are to be included in the bank's funds and eligible debts after the prior confirmation of eligibility by the National Bank of Romania.

"The funds attracted through these bond issues will be directed to green projects that meet the eligibility criteria defined in the bank's Green Bond Framework," said Romulus Mircea, Director of Balance Sheet and Portfolio Management at Raiffeisen Bank.

"We are talking about investments in the development and renovation of the fund of green buildings, renewable energy, increasing energy efficiency, greening transport and last but not least sustainable agriculture. Also, the bonds are going to consolidate the bank's funds and eligible debts base, creating the premises for the sustainable development of our portfolio of green assets," Romulus Mircea added.

A premiere on the Romanian banking sector, Raiffeisen's first "green" bond, worth RON 400 mln (EUR 80 mln), was listed on Bucharest Stock Exchange (BVB) on May 27. It has a five-year maturity, a fixed coupon of 3.086% - approximately 0.5pp over the yield of government securities with the same maturity and issued in the same currency, RON.

With a demand of almost RON 650 mln, the Raiffeisen's five-year "green" bond was oversubscribed by almost 1.6 times.

(Photo: Monthira Yodtiwong/ Dreamstime)

andrei@romania-insider.com

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