📋 Tender Overview
Project ID: 56122
Status: Signed
Location: Estonia
Business Sector: Financial Institutions
Notice Type: Private
Environmental Category: FI
Approval Date: 12 Mar 2025
Disclosure date: 26 Mar 2025
Project Description
In March 2025, EBRD invested EUR 20.0 million in the inaugural 4-year covered bonds issued by COOP PANK AS ("Coop Pank"), as a part of EUR 250 million public issuance that was listed on the Irish Stock Exchange (Euronext Dublin).
Project Objectives
The project supports the expansion of the nascent covered bond market in Estonia, and is fully consistent with the Bank's policy engagement on capital market development in the Baltics. The project also delivers on the Bank's green agenda and national green economy priorities for Estonia.
Transition Impact
ETI score: 61
The expected transition impact stems from the contribution to the Resilient and Green qualities.
The project will support the Resilient transition quality by expanding the emerging covered bond market in Estonia. The project complements the Bank's extensive policy engagement in the Baltics aiming at the development of the local capital markets.
The Green transition quality is underpinned by the green use of proceeds: the project will support the Bank's GET approach in Estonia through Coop Pank's allocating 100% of EBRD's investments to GET-eligible projects.
