CEC Bank lists a new bond issue worth 300 million euros on the Bucharest Stock Exchange

CEC Bank is listing today on the Regulated Market of the Bucharest Stock Exchange, a bond issue worth 300 million euros, with maturity in 2029. The annual interest is 5.625% and the bonds have received a BB rating from Fitch.

The bond issue, with the stock symbol CECRO29E , was launched under CEC Bank’s MTN program worth 1.5 billion euros, and was also listed on the Luxembourg Stock Exchange in November of this year.

CEC Bank has appointed Erste Group Bank AG and ING Bank NV as Joint Bookrunners and Co-Arrangers of the bond issue, while BT Capital Partners acted as Co-Manager and intermediary for the listing of the bond issue on the BVB. Dentons acted as legal advisor to CEC Bank, while Erste Group Bank AG and ING Bank NV were advised by Clifford Chance, through their offices in Bucharest and Frankfurt.

“We thank all our partners who made this transaction possible and we particularly appreciate the investors’ trust in the future of CEC Bank, which we want to permanently reconfirm the role assumed from the beginning in the economic development of Romania. Our strategy in the coming period remains ambitious, focused on organic growth in improved profitability conditions, adapting our business model to promptly and efficiently respond to the needs of our clients. In this context, CEC Bank’s presence on the capital markets will be recurrent in the coming years, as they will play an increasingly important role in our financing strategy”, stated Ionut Lianu, Chief Asset and Liability Management Officer of CEC Bank.

“Each listing of a bond issue on the Bucharest Stock Exchange by a financial and banking institution reconfirms the partnership of the banking system with the local capital market. CEC Bank, a reference institution in the Romanian financial and banking sector, with a 160-year history, lists today, on the stock exchange, its 4th bond issue and confirms the commitment declared on the occasion of its first bond listings in 2023 to transform CEC Bank into an attractive bank for investors, by applying the principles of corporate governance.”, stated Radu Hanga, President of the Bucharest Stock Exchange.

“The listing of CEC Bank’s bond issue today is the first such operation launched by a financial-banking institution this year on the stock exchange. CEC Bank is our partner in the development of the local capital market by deciding to list its recent bond issues on the local stock exchange and, starting this year, the BVB Arena edition, our program dedicated to entrepreneurs, is “Powered by ” CEC Bank. I congratulate you for the high interest that international and local institutional investors have shown in this new bond issue, and we want to see CEC Bank’s future bond issues listed on the stock exchange as well,” said Adrian Tanase, CEO of the Bucharest Stock Exchange.