Autonom, a Romanian car leasing and rental company, raised EUR 48 mln with a bond issue as part of a five-year EUR 250 mln corporate bond programme. The European Bank for Reconstruction and Development (EBRD) has contributed EUR 10 mln, according to Romania-Insider.
The company is raising finance to pursue environmentally-friendly growth. It aims to expand the car fleet to meet increased demand from local businesses while reducing its carbon footprint.
In line with its sustainability strategy, by 2025, the company plans to cut the operating fleet’s carbon emissions by 25%, and by 51% by 2030.
The EBRD is a leading institutional investor in Romania and has invested €9.3 bln through 477 projects in the country to date, with 77% of that in the private sector.