Tag: EBRD

EBRD invests EUR30 million in green bond
Global

EBRD invests EUR30 million in green bond

The EBRD has made its first investment in a green bond. The EUR300 million bond, in which the EBRD has invested approximately EUR30 million, is the first bond issued by Lietuvos Energija, the Lithuanian energy utility. It is the company’s first issue under a €1 billion programme that will finance […]

Lebanon becomes shareholder of the EBRD
Global

Lebanon becomes shareholder of the EBRD

Lebanon has become a shareholder of the European Bank for Reconstruction and Development (EBRD) with a view to becoming a recipient of the Bank’s investments and advisory services. Lebanon becomes the 5th member country in the EBRD’s southern and eastern Mediterranean (SEMED) region, joining Egypt,Jordan, Morocco and Tunisia, where the […]

EBRD invests in PKO Bank Hipoteczny covered bonds
Global

EBRD invests in PKO Bank Hipoteczny covered bonds

The EBRD has invested PLN 50 million (approximately EUR12 million equivalent) in a zloty-denominated covered bond issue by PKO Bank Hipoteczny S.A. (PKO BH). It was an inaugural, PLN-denominated, fixed rate covered bond issuance of PKO BH, backed by Polish-Zloty-denominated residential mortgage loans and with a provisional rating of Aa3 […]

EBRD cuts stake in Poland’s Grupa Azoty
Global

EBRD cuts stake in Poland’s Grupa Azoty

The EBRD has sold 50% of its stake in Grupa Azoty S.A., the leading Polish chemical group and Europe’s second largest manufacturer of mineral fertilizers and third largest producer of compound fertilizers. The 2,850,000 shares represented 2.9% of Grupa Azoty’s total shares and were sold in an accelerated bookbuild offering […]

Egypt gets EUR290 million from EBRD to upgrade railway
Global

Egypt gets EUR290 million from EBRD to upgrade railway

Railway commuters across Egypt stand to benefit from a EUR290 million financing provided by the European Bank for Reconstruction and Development (EBRD) to support the Egyptian National Railways (ENR) in its fleet expansion and upgrade of services. As part of ENR’s locomotive renewal programme, the EBRD will finance the acquisition […]