* EBRD invests PLN 50 million (€11.7 million equivalent) in PKO Bank Hipoteczny’s first green covered bond issuance
* Subscription helps develop Polish Green Bond market and green economy
Combining support for capital market development and the green economy in Poland, the EBRD is investing in the first green covered bonds by a major Polish financial institution.
A PLN 250 million (approximately €58.5 million equivalent) green covered bond issuance by PKO Bank Hipoteczny S.A. (PKO BH) is the first under the mortgage bank's Green Covered Bond Framework, which was certified by the Climate Bonds Initiative (CBI) to be aligned with its low carbon buildings criteria.