BCR prints new Senior Non-Preferred RON bond issuance with a total value of 600 million RON

BCR has successfully printed a new senior non-preferred bond issuance of 600 million RON, continuing its strategy towards expanding its financing sources. The bank has printed in the two past years an amount of 2.7 billion RON in bond issuance, being one the most active issuers on the Bucharest Stock Exchange.

The issuance represents senior non-preferred notes, with a 7-year maturity, while plans are for it to be listed on the Bucharest Stock Exchange. The notes have been assigned  an expected long-term rating of BBB+ by Fitch.

The deal was successfully priced at a coupon of 5.98 percent. The distribution was balanced between pension funds, asset managers, insurance companies, credit institutions – and benefitted from the participation of European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC).

“We are consistent and commited to our journey of having reccurent bond issuance. It’s our forth substantial bond issuance in lei, including  a green bond issuance, in the past two years. The Romanian capital market it’s becoming more attractive to strategic investors, with a long term vision, and I want to thank all contributors to this initiative for believing in our vision for the sustainable transformation of the economy”, stated Sergiu Manea, CEO of BCR.