Dentons advises CEC Bank on raising over 162 million Euro through a SNP tap

Global law firm Dentons has advised CEC Bank on raising over 162 million Euro through a tap of its February 2028 senior non-preferred MREL Eligible Notes, issued in February 2023. The placement brings the aggregate size of the tapped issue to 281.9 million Euro, with total drawdowns under CEC Bank’s 600 million Euro EMTN Programme now amounting to 414 million Euro.

The international Dentons team for the issuer comprised Bucharest partner Loredana Chitu (photo), Head of the Capital Markets practice in Romania, and Frankfurt partner Oliver Dreher, Head of the Debt Capital Markets (DCM) practice group in Germany, as well as counsel Oana Ionascu and associates Alin Roca and Alexandra Sofineti in Bucharest, associate Nadja Reiß in Frankfurt, and senior associate Philippa Münnich-Winter in Berlin.