Transilvania Bank sold on Friday, April 21st this year, bonds worth 500 million euros, as part of an issue oversubscribed in just a few hours, investors placing orders worth over 850 million euros. Over 80% of the total issue was subscribed by international investors from almost 20 countries. The offer was subscribed by 80 investors - investment funds, financial institutions, pension funds, commercial and central banks, as well as insurance companies, EBRD being the anchor investor, with 90 million euros.

The bond issue marks the debut of Banca Transilvania on the international market and is the first, in scale, in Europe, after the turbulences that marked the international banking sector in March of this year.

Success of the issue - in a record time and consistently oversubscribed - during a period when the markets are recovering after a tough March, shows us the confidence of foreign investors in BT, in its strategy and prospects, as well as in Romania. It is a big step, opening the way for similar transactions in the banking system of our country. The amounts raised will be assimilated into own funds and eligible MREL liabilities. The issue is part of BT's growth plan by maintaining the accelerated pace of financing the economy and Romania– declares Ӧmer Tetik, General Director, Transilvania Bank.

The issuance consists of non-preferential senior bonds with a maturity of 4 years, at a yield of 9%/year and is listed on Euronext Dublin (ISIN XS2616733981).

The show coordinator (Global Coordinator was Morgan Stanley, and the dealers (Co-Managers), BT Capital Partners and ING Bank, selected by Banca Transilvania based on reputation, experience and relevant history regarding bonds.

European MREL standards require banks to permanently ensure an optimal level of eligible MREL funds, distinct from customer deposits, which are guaranteed by the Bank Deposit Guarantee Fund.

Financial Group Transilvania Bank ended last year with a net profit of 2.49 billion lei, up 23% compared to 2021.