06/12/2024 | Press release | Distributed by Public on 06/12/2024 06:47
The issue was targeted at professional investors, with international financial and development institutions showing particular interest in investing. In the planning phase and the actual execution of the issue, Raiffeisen bank closely collaborated with and had full support and understanding from the National Bank of Serbia, the Ministry of Finance, the Securities Commission, the Central Securities Depository and Clearing House, and the Belgrade Stock Exchange. Additionally, the bank had the support of the RBI Group throughout the process, which has extensive experience working with various financial instruments in the field of capital markets and corporate governance.
"This is the first issuance of such a financial instrument for Raiffeisen bank. By issuing long-term dinar bonds, we have attracted the attention of international financial and development institutions to the corporate bond market in Serbia, which is still in its infancy. We have also diversified our funding sources and deepened relationships with investors. The funds raised will primarily be allocated to projects aimed at environmental protection, strengthening social responsibility, and conscientious corporate governance," said Zoran Petrović, Chairman of the Executive Board of Raiffeisen bank during the signing of the Agreement on the inclusion and organization of trading securities on the Open Market of the Belgrade Stock Exchange a.d. Beograd.
The Executive Director of the stock exchange, Ivan Leposavić, stated on this occasion that the inclusion of Raiffeisen bank's MREL eligible bonds is the first step in strengthening the offer of financial instruments on the Belgrade Stock Exchange, as one of the basic measures in implementing the national Capital Market Development Strategy. Although the domestic capital market is still in the early stages of development, Raiffeisen banka recognized the potential that the Exchange can offer to the domestic economy, and we believe that this innovative and pioneering step will be followed by a larger number of domestic banks and companies in the coming months.