• Banca Transilvania raised 1.5 billion lei, a record issue for the local banking system.
  
  
• This is the bank’s first sustainable bond issue in lei. 
  
  
• The bonds will be listed on the Bucharest Stock Exchange in July 2025. 
  
  
• The bond issue received an Investment Grade rating of BBB- from Fitch. 
  
  
• BT’s strategy includes using capital markets financing, both locally and internationally.
   

Banca Transilvania announces the successful completion of its first sustainable bond issue in lei on the Bucharest Stock Exchange, which was met with strong interest from local investors despite the uncertain economic backdrop.   

In the first hours after launch, half of those investing in the bonds were institutional investors in Romania — investment funds, pension funds, commercial banks, insurance companies and corporates. The issue also drew the attention of international investors, pointing to growing interest in Romania’s capital market. In addition, anchor investors, such as development banks and international funds, supported Banca Transilvania’s transaction at the Bucharest Stock Exchange.  

The issue comprised senior non-preferred bonds with a 7-year maturity, callable after 6 years, and a minimum subscription of 600,000 lei. The coupon is 8.875%.  

The proceeds will finance sustainable projects, in line with the eligibility criteria in the BT Sustainable Finance Framework and will qualify towards the minimum requirement for own funds and eligible liabilities (MREL - The Minimum Requirement for Own Funds and Eligible Liabilities). 

For almost 30 years, Banca Transilvania has successfully used the capital markets to finance its operations and growth, bringing benefits both to the bank’s activity and to the development of the capital market. With this leu-denominated issue, we have diversified investment options for local investors and we welcome the interest it received in the market. The funds raised, together with the capitalisation of most of last year’s profit, help us expand lending to companies and households, with immediate effects on economic growth. 

Ömer Tetik
Chief Executive Officer
Banca Transilvania

The bond sale was coordinated by BT Capital Partners, Banca Comercială Română (a member of Erste Group), Raiffeisen Bank and Alpha Bank România (part of UniCredit Group). Legal counsel were Filip & Company, Freshfields Bruckhaus Deringer, Clifford Chance Badea and Clifford Chance, and the financial auditor was Deloitte Audit.  

2.5 billion euro, the amount raised by BT through bond issues 

The new bond issue brings the value of the five bond issues launched by Banca Transilvania since 2023 to almost 2.5 billion euro (equivalent). Except for the lei-denominated issue and the placement of subordinated bonds, all the other bonds (TLVRO30, TLVRO28 and TLVRO27) are listed on Euronext Dublin. This has enabled the bank to reach a broader range of investors and to communicate internationally BT’s story, its financial performance and its growth potential alongside the Romanian economy.