Banca Transilvania sold EUR 500 million bonds on Friday, 21 April 2023, in an oversubscribed issue in just a few hours, with investors placing orders amounting to over EUR 850 million. More than 80% of the total issue was subscribed by international investors from nearly 20 countries. Eighty investors - investment funds, financial institutions, pension funds, commercial and central banks and insurance companies - subscribed to the offer, with the EBRD being the anchor investor with a subscription amounting to EUR 90 million.

The bond issue marks the debut of Banca Transilvania on the international market and is the first, in terms of size, issued in Europe, after the turmoil that marked the international banking sector in March 2023.

Succesul emisiunii - într-un timp record și suprasubscrisă consistent - într-o perioadă în care piețele își revin după o lună martie grea, ne arată încrederea investitorilor externi în BT, în strategia și perspectivele ei, precum și în România. Este un pas mare, deschizând drumul pentru tranzacții similare în sistemul bancar din țara noastră. Sumele atrase vor fi asimilate fondurilor proprii și datoriilor eligibile MREL. Emisiunea face parte din planul de creștere BT prin menținerea ritmului accelerat de finanțare a economiei și a României– declară Ӧmer Tetik, Director General, Banca Transilvania.

The issue consists of a 4-year senior non-preferred bonds at a yield of 9% per year and is listed on Euronext Dublin (ISIN XS2616733981).

The Global Coordinator was Morgan Stanley and the Co-Managers were BT Capital Partners and ING Bank, selected by Banca Transilvania based on reputation, experience and relevant bond track record.

The European MREL standards require banks to ensure an optimal level of MREL-eligible funds at all times, separate from customer deposits, which are guaranteed by the Bank Deposit Guarantee Fund.

Banca Transilvania Financial Group ended last year with a net profit of RON 2.49 billion, + 23% compared to 2021.