EBRD takes part in Raiffeisen bond issue

The European Bank for Reconstruction and Development has agreed to purchase bonds worth PLN 500 million issued by Raiffeisen Bank Polska as part of a PLN 2 billion issue, the EBRD said in a press release on Thursday. The deal is part of the Financial Institutions Debt Capital Market Framework for Poland launched in December 2013, which has a total volume of €250 million. “We are very pleased to extend our program to Raiffeisen Bank Polska, an important partner and market participant,”said Lucyna Stańczak-Wuczyńska, EBRD director for EU banks. “The funds generated through our program will ultimately benefit the real economy through an improved access to finance which is needed to support companies’ expansion and growth.”