Euro Bank Bonds (EBRD-47519)

Countries
  • Poland
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 10, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Euro Bank S.A.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 60.16 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported PLN 220 million
Converted using 2015-06-10 exchange rate.
Project Cost (USD)
$ 328.14 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported PLN 1,200.00 million
Converted using 2015-06-10 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 19, 2017

Disclosed by Bank Nov 27, 2015


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Project Description
This project finances an investment Euro Bank S.A. to support its access to medium-term funding in order to help expand its presence and activities on the domestic market.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
The EBRD has made the inaugural investment in senior unsecured bonds issued by Euro Bank S.A. in the Polish capital market in local currency in November 2015. This was the first of a planned series of investment in Euro Bank's bonds which was approved on 10 June 2015. The project comes under the Polish Financial Institutions Debt Capital Market Framework launched in December 2013 and extended further in December 2014.
Contact Information
Marcin Karlowicz marcin.karlowicz@eurobank.pl (+48 71) 795 58 96 www.eurobank.pl Dyrektor Departamentu Zarzdzania Aktywami i Pasywami Wrocaw 50-126, ul. w. Mikoaja 72 ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.