K&H, the local unit of Belgium’s KBC, has issued a 15 billion forint green bond, the lender’s first.
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 programme of the National Bank of Hungary (NBH). Average yield of the green bonds was 6.85%, auction data posted on the website of the Budapest Stock Exchange show.
hungarymatters.hu
pixabay
