BCR issued senior non-preferred bonds, with a five-year maturity, which will be listed on the Bucharest Stock Exchange.
The value of the bond issue was increased to RON351.5 million from RON250 million, and the coupon rate is 6.76%. The distribution of the bonds attracted the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC). Fitch is to assign BCR’s new bond issue a long-term rating of BBB+.
Over the last three years, BCR has launched bond issuances worth a total RON3.05 billion, being one of the most active issuers on the Bucharest Stock Exchange.