IBEC makes its contribution to the reduction of the carbon footprint in Romania

IBEC took part in the placement of bonds of the Romanian company Autonom, specializing in car leasing, fleet management, short-term car rental. The Bank acquired more than 10% of the issue, becoming one of the key investors in the issued securities. The annual return is 4.11%.

The EUR 48 million issue is the first part of Autonom's five-year EUR 250 million corporate bond program. This is a sustainability-linked bond aimed at pursuing environmentally-friendly growth. Autonom raises funds to ensure business development which is consistent with decarbonisation objectives of European Union countries. The mid-term plan envisages expanding the vehicle fleet and reducing carbon emissions by 25% by 2025 and by 51% by 2030.

This is the first sustainability-linked bond issue on the Romanian local market, demonstrating new corporate standards in line with the EU environmental agenda. According to the co-founders of Autonom, Marius and Dan Stefan, “by implementing our program, we are demonstrating a transparent and responsible business model”.

IBEC is consistently increasing its sustainable investment portfolio, supporting ESG-linked bonds in its member countries. Its total size has exceeded by now EUR 47 million, and includes bonds in such member states as Poland, Russia, Romania, Slovakia and Czech Republic.

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