World Bank Member IFC to Invest EUR 42.5 Million in Green Bonds for Construction of Green Commercial Buildings in Serbia and Romania

The International Finance Corporation (IFC), a member of the World Bank, has joined the initiative of the purchase of green bonds which will enable the construction of certified green industrial and logistics buildings in Serbia and Romania.

This is a form of support by the IFC to climate-focused financing in Romania and Serbia to the end of inciting sustainable growth, the IFC announced.

The IFC invested EUR 42.5 million in a EUR 500 million green bond issued by CTP N.V. (CTP), a sustainable European industrial and logistics property owner-developer.

The green bond was issued under CTP's EUR 4 billion Euro Medium Term Note program and listed on the Euronext stock exchange in Dublin to fund green assets that promote a low-carbon and climate-resilient growth model, the press release says.

By investing, the IFC is promoting an energy-efficient real estate sector, fostering greater market sustainability, and tackling climate change in Serbia and Romania.