Project Notice |
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| PNR | 63401 |
| Project Name | Raiffeisen Bank ad Beograd MREL-eligible Bonds |
| Project Detail | Location: Serbia Project number: 55189 Business sector: Financial institutions Notice type: Private Environmental category: FI Approval date: 23 Apr 2024 Status: Signed English-language PSD published: 31 Jul 2024 An investment of up to RSD 2.3 bn (equivalent to €19.6 mn) in inaugural minimum requirement for own funds and eligible liabilities (MREL)-eligible local currency bonds issued by Raiffeisen Bank ad Beograd (RBB) to be listed on the Belgrade Stock Exchange. The bonds will be contractually eligible against RBBs MREL for bail-in-able funding and have a maturity of 4 years with a non-callable period of 3 years. Project Objectives The project supports resilience of a local bank by helping RBB build diversified funding base for the minimum requirement for own funds and eligible liabilities and reinforces local capital market development and dinarisation in Serbia by Banks participation in bonds issued by RBB in local currency. The project contributes to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country. Furthermore, the transaction supports RBBs growth strategy and provides a source of medium term local currency funding. The bank will aim to allocate up to € 6 mn of the proceeds to Green Economy Transition (GET) eligible projects. |
| Funded By | European Bank for Reconstruction and Development (EBRD) |
| Sector | Forestry |
| Country | Serbia , All Region |
| Project Value | RSD 6,400,000,000 |
Contact Information |
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| Company Name | RAIFFEISEN BANKA AD BEOGRAD |
| Web Site | https://www.ebrd.com/work-with-us/projects/psd/55189.html |
