Banca Transilvania supplements the capital raising program for financing the economy with 190 million euros by issuing bonds, thus reaching almost 1 billion euros.
The Bank fulfills its commitment to the shareholders, who approved within the Extraordinary General Meeting of Shareholders (2022) BT program of corporate broadcasts.
“We are completing the bond issuance with this new phase because we want to strengthen the base of eligible liability instruments and the balance sheet structure, considering that we have attracted the attention of significant and new investors in our market, at an attractive price, which optimizes the average yield of the program. We are satisfied with how the program has progressed and we are optimistic about the upcoming period ”, declares Ӧmer Tetik, General Director, Transilvania Bank.
Similar to the debut issue, the new bonds are listed on the Euronext Dublin Exchange, having the ISIN code XS2669771664.
BT bond issues:
- BT debut bond issue was launched in April of this year, when it attracted 500 million euros from investors in an oversubscribed offering in just a few hours, with investors placing orders of over 850 million euros. This marked the debut of Transilvania Bank on the international market.
- BT has increased the international bond issuance with 100 million euros in June this year, following the high interest from institutional investors regarding the first bond issuance.
- Banca Transilvania received 200 million euros from IFC and Asian Infrastructure Investment Bank, in July of this year, as part of a subordinated bond package. The financing is of the subordinated debt type and is listed on the Bucharest Stock Exchange.
Bonds are eligible for the minimum requirement of own funds and eligible liabilities (MREL - Minimum Requirement for Own Funds and Eligible Liabilities). They contribute, according to European banking standards, to the permanent assurance of an optimal level of funds, distinct from customer deposits which are guaranteed by the Bank Deposit Guarantee Fund.
