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# Erste Bank Croatia Issues Country's First Green Preferred Senior Bond at EUR 400 Million
- URL: https://www.theglobalbanker.com/erste-bank-croatia-first-green-preferred-senior-bond-eur-400-million/
- Published: 2024-02-01T06:00:00.000Z
- Updated: 2026-10-22T14:58:48.000Z
- Description: Erste Bank Croatia placed a EUR 400 million green preferred senior bond listed on the Vienna Stock Exchange in January 2024, a first for any Croatian bank.
- Author: TGB Editorial Team
- Tags: ESG, Europe, #archive

Erste & Steiermärkische Bank, operating as Erste Bank Croatia, has issued the country's first-ever green preferred senior bond — a EUR 400 million international placement issued on 31 January 2024 and listed on the Vienna Stock Exchange. 

The bond, which is MREL-eligible, was placed with international investors under Erste Group's Sustainable Finance Framework, published in April 2021, which governs the eligibility criteria for assets that may be financed by the proceeds. 

#### EBRD INVESTS IN THE TRANSACTION

The European Bank for Reconstruction and Development invested EUR 35 million in the transaction. 

#### PROCEEDS TARGET ELIGIBLE GREEN PROJECTS

Proceeds from the EUR 400 million bond will be allocated to eligible green projects as defined under Erste Group's Sustainable Finance Framework. 

Erste Bank Croatia is a subsidiary of Erste Group.