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EBRD invests 10 mln euro in Croatia’s first sustainability-linked bond

Author Annie Tsoneva
EBRD invests 10 mln euro in Croatia’s first sustainability-linked bond Photo: EBRD

ZAGREB (Croatia), August 1 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said it is investing 10 million euro ($10.2 million) in Croatia's first sustainability-linked bond, a 40 million euro issue by Meritus Ulaganja, a leading business process outsourcing (BPTO) provider in Southeast Europe.

“The holding company and its subsidiaries, which operate under the umbrella of M+ Group, will use the funds to finance further business expansion through acquisitions, while committing to green and sustainable growth,” the EBRD said in a press release on Friday.

The investment will support the group’s plans to reduce its greenhouse gas emissions by 25% by 2027 and to increase the participation of women in management positions to 51% by the end of 2030.

The bond issue has an interest rate of 4.25% and maturity of five years. It is Meritus Ulaganja’s debut bond issue.

Headquartered in Zagreb, M+ Group is a multinational BPTO service provider, with more than 11,000 employees. Serving a large customer base, it has a broad geographic footprint, operating in 12 countries and catering to close to 60 markets, with a leading position in south-eastern Europe, active in call centres, information technology and employment services.

($=0.9768 euro)