Banca Transilvania complements with 190 million Euro the bonds issuance programme, reaching almost one billion Euro

Banca Transilvania complements with 190 million Euro its capital raising program to finance the economy by issuing bonds, thus reaching almost one billion Euro.

“We are complementing our bonds issuance program with this new round, because we want to strengthen our eligible liability instrument base and balance sheet structure, as we have attracted the attention of major and new investors to our market at an attractive price that optimizes our average program yield. We are satisfied with how the program has gone and we are optimistic about the future”, states Ӧmer Tetik, CEO, Banca Transilvania.

BT’s debut bonds issue was launched in April 2023 when it attracted 500 million Euro from investors, in an issue that was oversubscribed in just a few hours, with investors placing orders amounting to more than 850 million Euro. This marked Banca Transilvania’s debut on the international markets.

BT supplemented its international bonds issue by 100 million Euro in June 2023, following the high interest from institutional investors in the first bonds issue.

Banca Transilvania received 200 million Euro from IFC and Asian Infrastructure Investment Bank in July 2023 as part of a subordinated bonds package. The financing is a subordinated debt and is listed on the Bucharest Stock Exchange.