Best Green Bond in Europe & Best Financial Institution Bond in Southeastern Europe

Bank of Cyprus has won the Best Green Bond in Europe and the Best Financial Institution Bond in Southeastern Europe in EMEA Finance’s 2024 Achievement Awards for its inaugural €300 mn green bond issued in April 2024.

These two awards recognise the highly successful nature of this issuance, which attracted interest from more than 120 institutional investors and was over four times over-subscribed at €1.3 bn - the largest order book for a senior issuance by the Bank in at least a decade. 

This is the second consecutive year that the Bank has been awarded by EMEA Finance. Last year the Bank won the Best Financial Institution Bond in Southeastern Europe for its highly successful €220mn AT1 bond issuance in June 2023, demonstrating the Bank’s strong presence in the debt capital markets.

Commenting on the award, Panicos Nicolaou, CEO of Bank of Cyprus said:

“We are very pleased that our highly successful €300 mn green bond has won two regional awards in EMEA Finance’s annual Achievement Awards. This international recognition highlights the importance of this green bond, the proceeds of which will deliver significant financing for sustainable projects in Cyprus. It is a key part of our plan to lead the sustainable transition in Cyprus and will contribute to the Bank’s sustainability journey.”