Ceska sporitelna (Bail-in-able programme)

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On the 29th June 2022, the EBRD invested CZK 1.323 billion (EUR 53.5 million equivalent or 22% of the issuance amount) in a Senior Non-Preferred ("SNP") bond issued by Ceska sporitelna, as part of a local issuance of CZK 6 billion, listed on the Prague Stock Exchange. This Bond is eligible to meet the regulatory minimum requirements for own funds and eligible liabilities (MREL) and has a maturity of 5 years, with a call option after 4 years. On the 24th August 2023, the EBRD participated with EUR 15 million (or 3% of the issuance amount) to the international Green SNP issuance by Ceska sporitelna - in total amount of EUR 500 million. The Green SNP bond is listed on Vienna Stock Exchange, eligible to meet the regulatory minimum requirements for own funds and eligible liabilities (MREL) and has a maturity of 4.5 years, with a call option after 3.5 years.