BSTDB raises $85m through first ESG notes

The Black Sea Trade and Development Bank (BSTDB) has issued its first Environmental, Social and Governance notes, raising $85 million in a private placement with an Asian investor.

The ten-year notes, issued on the back of the BDTDB’s Medium Term Note program, will support the bank’s priority financing of operations with clear environmental and climate benefits, such as lower carbon generation, renewables and energy efficiency.