The cooperative banking group Crelan – which brings together Crelan, AXA Banque and Europabank – has raised €600 million from institutional investors through its first green bond, it said in a statement on Tuesday.
The six-year senior non-preferred bond, with a call option after five years, was issued at 99.582% with a coupon of 6% and a yield of 6.102%, the group said.
Proceeds from the issue will be used to finance green buildings, both for acquisition and for green renovation, Crelan added.
