BT Capital Partners (BTCP), the investment banking and capital markets division of the Banca Transilvania Financial Group, led the syndicate that arranged International Investment Bank’s (IIB) RON 300 million bond issue, with the bonds to be listed on the Bucharest Stock Exchange.

The transaction, BTCP’s second for IIB, was significantly oversubscribed by investors from Romania and abroad. It follows a previous RON 111 million issue listed on the Bucharest Stock Exchange in 2015. Proceeds will be used by International Investment Bank to finance Romanian companies and projects.

IIB issued 30,000 three-year bonds with a nominal value of RON 10,000 and a fixed annual coupon of 3.4%, payable annually starting September 27, 2017, with principal repaid at maturity. The coupon, set in line with investor interest, establishes a new benchmark for issuers on the Romanian market, with the bonds to be listed on the Bucharest Stock Exchange starting September 29 this year.

Paul Prodan, Chairman of the Board of Directors of BT Capital Partners, said: “The success of International Investment Bank’s second bond issue confirms BT Capital Partners’ strong involvement in increasing financial intermediation in Romania, as part of our strategic commitment to diversifying corporates’ funding sources by tapping the local capital market.”