EBRD newsletter - Friday 14 May
EBRD President on virtual visit to Romania
EBRD President Odile Renaud-Basso paid her first official visit to Romania this week in virtual format. Her meetings with the government, private sector, international financial institutions and civil society focused on the post-Covid-19 recovery and the ways EBRD investments can support the country’s rebound and complement European Union funds. “Romania is one of the fastest-growing economies in the EU and has huge potential to unleash”, the President said.
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First green bond issued by bank in Romania
The EBRD President’s visit was accompanied by the first green bond issue in the country to date issued by Raiffeisen Bank Romania. The EBRD invested RON 53 million (€11 million equivalent) in the senior preferred green bond, reinforcing the Bank’s position as a leader in green finance and a strong supporter of capital markets. EBRD Regional Director Mark Davies hailed the successful placement: “This pioneering move will pave the way for the creation of more securities intended to support sustainability, as the strong market reaction indicates.”