2024-09-08 05:43:30
Ameriabank has issued EUR 50 million worth of green bonds, a landmark deal in the local financial market, as the first ever green bond program in Armenia. The issuance was carried out in accordance with the International Capital Markets Association Green Bond Issuance Principles (ICA).
The first Armenian green bonds were issued jointly with Ameriabank’s long-time partner, the Netherlands Development Bank (FMO), which is also the bond’s main investor. Sustainalytics, a global leader in sustainable development research and analysis, provided a second-party opinion on Ameriabank’s green bond concept, confirming its compliance with CSR and global market standards. Ernst & Young acted as an external consultant in developing the concept and aligning the Sustainable Development Goals (SDGs) with Ameriabank’s activities.
General Director of Ameriabank Artak Hanesyan mentioned in his speech.
“It is with great joy that we announce the successful issuance and placement of the first green bonds in Armenia by Ameriabank. The funds raised provide an unprecedented opportunity to play a significant role in financing green projects that contribute to environmental sustainability. I would like to thank our partners at FMO for their support and for being the lead investor in this landmark transaction. I would also like to congratulate the staff of Ameriabank on this achievement.”
Huib-Jan de Reuter, Director of Investments at FMO, added: “Today we took another important step on the way to our strong and successful cooperation. Over the years, FMO and Ameriabank have implemented many projects together. subprime lending, a variety of primary financing opportunities, as well as funds aimed at financing young entrepreneurs. 2019 we decided to initiate a green financing project together, as a result of which we are already presenting Ameriabank’s green bonds to you today. I look forward to our continued collaboration to support Ameriabank in further developing its green strategy, which will help it achieve its ambitions to be the country’s leading green bank.”