K&H issues debut green bond

Banking

Wikimedia Commons

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.

Telco, Banking Sectors Drive Service Price Inflation in Spri... MNB

Telco, Banking Sectors Drive Service Price Inflation in Spri...

EC to Propose Opening Excessive Deficit Procedure Against Hu... EU

EC to Propose Opening Excessive Deficit Procedure Against Hu...

New CEO at the Helm of Citibank Europe Appointments

New CEO at the Helm of Citibank Europe

Int'l Travelers to Europe Prioritize Safety, Quality This Su... Tourism

Int'l Travelers to Europe Prioritize Safety, Quality This Su...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.