ACTIVITY TITLE
VERSION 2.01
Allianz Bank Bulgaria Senior Preferred Bond
Reported by
European Bank for Reconstruction and Development XI-IATI-EBRD Multilateral
ACTIVITY SCOPE COLLABORATION TYPE AID TYPE FINANCE TYPE FLOW TYPE TIED STATUS HIERARCHY
National 4 Multilateral outflows 4
Project-type interventions C01
Untied 1
IATI IDENTIFIER
XI-IATI-EBRD-54104
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DOCUMENTS ( 4 )
Project Summary Document - Transition Impact Environmental Social Summary TEXT/HTML EN Pre- and post-project impact appraisal Project Summary Document TEXT/HTML EN Objectives / Purpose of activity Country Strategy TEXT/HTML EN Memorandum of understanding (If agreed by all parties) Procurement/Tenders TEXT/HTML EN Tender
Planned start date 2023-03-27
Planned end date 2028-12-19
Actual start date 2023-03-27
activity status: Implementation
The activity is currently being implemented
WHO'S INVOLVED ( 2 )
PARTICIPATING ORG REFERENCE ROLE TYPE
ALLIANZ BANK BULGARIA AD
 Implementing Private Sector
European Bank for Reconstruction and Development
 Funding Multilateral
General
The EBRD invested EUR 7.9 million in a senior preferred bond issuance of EUR 39.5 million by Allianz Bank Bulgaria AD ("ABB"), a commercial bank incorporated in Bulgaria. The bond has a 4-year maturity, with a call option after the third year, and is expected to be listed on the Bulgarian Stock Exchange within 6 months after issuance. 150 percent of EBRD's investment in the bonds issued by ABB will be used for eligible projects in line with EBRD's Green Economy Transition ("GET") criteria. The project facilitates capital market development in Bulgaria, supports the resilience of ABB and helps to deliver the EBRD's green agenda in the country and national green economy priorities.
recipient country ( 1 )
BulgariaBG
100
LOCATION ( 1 )
NAME DESCRIPTION POSITION CLASS REACH EXACTNESS
BULGARIA
ID 732800 (Geonames)
42.69751 23.32415 Administrative Region Approximate
country budget items ( 1 )
IATI Withdrawn ( 1 )
The budget identifier reported uses IATI budget identifier categories
7.1.1
100
sector ( 1 )
OECD DAC CRS 5 digit1( 1 )
The sector reported corresponds to an OECD DAC CRS 5-digit purpose code http://reference.iatistandard.org/codelists/Sector/
Formal sector financial intermediaries24030
100
GLOSSARY
Formal sector financial intermediariesAll formal sector financial intermediaries; credit lines; insurance, leasing, venture capital, etc. (except when focused on only one sector).
Financial Overview
Outgoing Commitment ( 1 )
Outgoing Commitment
Transactions ( 1 )
Outgoing Commitment ( 1 )
DATE DESCRIPTION PROVIDER RECEIVER VALUE
2023-03-27
FLOW Other flows 50
FINANCE Investment-related loan to developing countries Withdrawn 411
ALLIANZ BANK BULGARIA AD
 16,400,000
EUR
Outgoing Commitment
General Enquiries
European Bank for Reconstruction and Development
+44 20 7338 7380
projectenquiries@ebrd.com
www.ebrd.com
5 Bank Street, London E14 4BG
conditions( 1 )
NARRATIVE TYPE DESCRIPTION
The EBRD invested EUR 7.9 million in a senior preferred bond issuance of EUR 39.5 million by Allianz Bank Bulgaria AD ("ABB"), a commercial bank incorporated in Bulgaria. The bond has a 4-year maturity, with a call option after the third year, and is expected to be listed on the Bulgarian Stock Exchange within 6 months after issuance. 150 percent of EBRD's investment in the bonds issued by ABB will be used for eligible projects in line with EBRD's Green Economy Transition ("GET") criteria. The project facilitates capital market development in Bulgaria, supports the resilience of ABB and helps to deliver the EBRD's green agenda in the country and national green economy priorities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54104
 Performance The condition attached requires certain outputs or outcomes to be achieved by the recipient