Bank Handlowy w Warszawie S A : Citi Handlowy co-organized the largest issue of green bonds in Poland

26th April 2021

Citi Handlowy co-organized the largest public issue of Climate Awareness Bonds (CAB) of the European Investment Bank supporting sustainable growth, dedicated to Polish investors. It was the first public issue of CAB carried out by Citi Handlowy.

Within the last few years, Citi has already been the Joint Bookrunner for the issue of green bonds carried out by Poland and totaling EUR 3 billion. The present issue is the largest public Climate Awareness Bond transaction for the Polish market. The proceeds from the issue are allocated to the investments that contribute to climate change mitigation.

Bonds in the amount of PLN 1.25 billion due in February 2027 carry an annual coupon of 1% with the reoffer yield of 1.028%.

'For many years, Citi Handlowy has been EIB's partner in many benchmark Polish zloty bond issues on the Polish market, which have helped to finance projects in Poland. The today's CAB issue has significant importance for us, as the funds will be allocated to goals so close to Citi Handlowy - supporting sustainable development is inherent in the bank's business strategy,' says Maciej Kropidłowski, Vice President of the Bank's Management Board, Head of Financial Markets and Corporate Banking Sector . 'We can see a growing enthusiasm for the ESG offer among our clients. We expect this market to develop dynamically in the near future and want to be active on this market.

The bank recognizes the growing importance of ESG factors in investing and implements practices of sustainable growth in its own business by, among others, planting forests, reducing the carbon footprint and reducing water and paper consumption. Citi Handlowy is also involved in supporting the transformation of Polish companies; for example, in 2020, within a consortium of banks, Citi participated in a PLN 3 billion financing and refinancing project for an investment plan of a railway infrastructure company.

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