K&H issues debut green bond

Banking

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K&H, the local unit of Belgium's KBC, issued a HUF 15 billion green bond, the lender's first, on Monday, according to a report by state news wire MTI.

K&H said it will use the proceeds from the ten-year bond to refinance retail mortgage loans backed by homes that meet strict energy efficiency requirements.

The security was issued in line with the green bond purchase program of the National Bank of Hungary (MNB).

The average yield of the green bonds was 6.85%, auction data posted on the website of the Budapest Stock Exchange show.

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