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City of Bucharest bond issuance

Sector: Government • Location: Romania

Source: European Bank for Reconstruction and Development (EBRD)

Project
Signed

The EBRD invested EUR 5.5 million (RON 27.33 million) in the City of Bucharest's (the "City") EUR 112 million (RON 555 million) bond issuance.  The bond has a 10-year maturity and was launched to refinance the City's 7-year bond tranche, maturing on 4 May 2022. It is part of the City's Bond Programme in which the EBRD is an existing investor. As part of the Bank's decision to invest, the Bank will

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The project “City of Bucharest bond issuance” is an infrastructure initiative in the Government sector, located in Romania. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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signed

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Description

Description

The EBRD invested EUR 5.5 million (RON 27.33 million) in the City of Bucharest's (the "City") EUR 112 million (RON 555 million) bond issuance.  The bond has a 10-year maturity and was launched to refinance the City's 7-year bond tranche, maturing on 4 May 2022. It is part of the City's Bond Programme in which the EBRD is an existing investor. As part of the Bank's decision to invest, the Bank will mobilise technical assistance to support the City of Bucharest in developing a Green City Action Plan ("GCAP") as set forth in a Framework Agreement. The GCAP will articulate the City's vision, strategic objectives and priority actions and investments to address its priority environmental challenges. The bonds will be listed on the Bucharest Stock Exchange by the end of April 2022.

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Source reliability

High

Data quality score

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