EBRD backs Zabka Group's debut local currency sustainability-linked bond issuance
Poland, May 8 -- The European Bank for Reconstruction and Development (EBRD) has subscribed for PLN 140 million in a PLN 1 billion issuance of the first sustainability-linked bond by the Polish modern convenience retailer Zabka Group.The bonds will be traded on the Catalyst Alternative Trading System of the Warsaw Stock Exchange.As part of its sustainability-linked bond framework, Zabka Group has committed to reducing the share of virgin plastic in its own-brand packaging by 38 per cent and increasing the value of sales of own-brand food products that promote a sustainable lifestyle. In addition, under the Framework Agreement with the EBRD, the company has committed to reducing its carbon footprint by at least 40 per cent by 2028.The Bank's...
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