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Zabka Group SA (Żabka)EBRD backs Zabka grocer's sustainability-linked bond issuance to tune of PLN 140 mln
The European Bank for Reconstruction and Development (EBRD) has subscribed for PLN 140 million (EUR 32.8 mln) in a PLN 1 billion (EUR 234.1 mln) issuance of the first sustainability-linked bond by the listed convenience store chain Zabka, the EBRD said in a press release. The bonds will be traded on the Catalyst Alternative Trading System of the Warsaw Stock Exchange.
"As part of its sustainability-linked bond framework, Zabka Group has committed to reducing the share of virgin plastic in its own-brand packaging by 38 percent and increasing the value of sales of own-brand food products that promote a sustainable lifestyle," the EBRD wrote in the press release.
According to the Bank, under the framework agreement with the EBRD, the Zabka group has also committed to reducing its carbon footprint by at least 40 percent by 2028.
EBRD said that its subscription will be directed towards financing Zabka's operating costs and capital expenditures in Poland and Romania.
The Bank has been supporting Grupa Zabka as both a shareholder and provider of debt financing since 2017.
Zabka Group is the leading modern convenience retailer in Poland, with more than 11,000 stores operated under a franchise model, and recently expanded into Romania with the launch of its Froo brand in 2024.
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