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EBRD subscribes for 67 million of 600 million green bond from VGP
Chicago, April 29 European Bank for Reconstruction and Development announced that it has successfully subscribed for a 67 million ticket to the inaugural 600 million 1.5% green bond due 2029 recently offered by VGP NV and previously reported.
The banks investment is earmarked to support the development of sustainable semi-industrial and logistics parks in Hungary, Latvia, Romania and the Slovak Republic, according to a press release.
The EBRD will further support VGP in exploring opportunities arising from the future deployment of renewable and low-carbon hydrogen and e-mobility technologies as well as the advancement of circular design features in order to achieve a low embodied carbon framework at the building level.
The EBRD is a major investor in Hungary, Latvia, Romania and the Slovak Republic. To date, it has invested 15.5 billion in the four countries combined.
The financial institution is based in London.
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