IFC invests in BT Leasing to boost Romanian SMEs, sustainable finance
The International Finance Corporation is providing €18.5 million in financing to BT Leasing Transilvania to increase access to finance for small and medium-sized enterprises and to finance climate leasing in Romania.
IFC is the lead investor in a bond issued by the company, which has raised €40 million with the participation of other private investors.
The proceeds from the bond will support economic activity among SMEs, which have limited access to funding in Romania. This is the first senior unsecured bond issued by a Romanian leasing company, helping its efforts to diversify funding sources by tapping the country’s capital markets. IFC’s investment will also help Romania make progress in the energy-efficiency and renewable-energy sectors, as half of the investment is earmarked for sustainable-energy projects.
