MAS Real Estates green bond (EBRD-52818)

  • Romania
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
Bank Risk Rating
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
Apr 27, 2021
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.
The holder of the loan, grant, or other investment.
  • Construction
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30,224.99 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 EUR 25,000,000.00
Converted using 2021-04-27 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 17, 2021

Disclosed by Bank May 14, 2021

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Project Description

According to the bank's website, "The Project consists of an unsecured green corporate Eurobond issue by MAS Securities BV, a limited liability company incorporated in the Netherlands and fully guaranteed by MAS Real Estate Inc., via a public placement on the Global Exchange Market of Euronext Dublin. This is the first bond issue by the Issuer and Sponsor, with all the proceeds to be used for eligible green commercial real estate assets in countries where the EBRD invests across Central and Eastern Europe. MAS is listed on the Johannesburg Stock Exchange and has a market capitalization of circa EUR 716 mln as of 7 May 2021. The Green Bond issue is underpinned by a Green Financing Framework aligned with the ICMA Green Bond Principles and LMA Green Loan Principles, which were newly developed and validated by an independent second opinion from Sustainalytics."


Investment Description

Contact Information

MAS Real Estate Inc.
+44 (0)1624 625000



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