Libra Internet Bank lists a four million Euro bond issue on the Bucharest Stock Exchange

Libra Internet Bank attracted EUR 4.29 million, through a private placement for subordinated bonds, unsecured and denominated in EUR, and conducted on the capital market between March 17 and 23, 2020. Thus, Libra Internet Bank took the first step on the Romanian capital market and the bonds started trading on Thursday, September 3rd, on Bucharest Stock Exchange (BVB) Multilateral Trading System (MTS).

“Being listed on the Stock Exchange means being able to meet the highest requirements regarding the quality, transparency and performance of your activity. The presence on the capital market expresses total confidence in one’s own strengths and openness to investors, in conditions of continuous communication. For all these reasons, the listing of the Libra Internet Bank bonds is an important step in the bank’s evolution, through which we manage to demonstrate once again our solidity and development capacity, regardless of the moment “, said Radu Gratian Ghetea, Chairman of Libra’s Board of Directors Internet Bank.

“People need security and credible investments and investing in banks remains very safe and profitable. Although there are risks of over-regulation or market loss in favor of fintechs or neobanks, traditional but agile commercial banks with a significant appetite for new technologies and open to partnerships remain a solid option for any investor. It is a success profile to which Libra Internet Bank fully corresponds”, stated Libra Internet Bank CEO, Emil Bituleanu.

The private placement for Libra Internet Bank bonds was intermediated by TradeVille. The bonds were subscribed by 27 investors, of which 2 are institutional investors and 25 retail investors (one legal entity and 24 individuals).

Founded in 1996 and operational since 1997, Libra Internet Bank is, since 2003, member of the American investment group New Century Holdings (NCH), one of the most important foreign investors in Romania, with investments of over 3 billion USD in Central and Eastern Europe. Active in Romania since 1993, NCH is involved in the development of several important areas of the Romanian economy: electrical industry, bakery, construction materials industry, financial-banking services, financial services, real estate, being the majority shareholder in many Romanian companies active in these areas.