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Romania's largest bank issues a $343.7 million sustainable bond to fund green projects.
Banca Transilvania, Romania's largest bank, has issued a RON1.5 billion (about $343.7 million) sustainable bond with an 8.87% annual interest rate, due in 2032.
This is the bank's first RON bond issue, aimed at financing climate-friendly projects such as renewable energy and promoting energy efficiency.
The move aligns with Romania’s broader efforts to transition to a green economy and meet climate targets.
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El mayor banco de Rumania emite un bono sostenible de $ 343.7 millones para financiar proyectos verdes.