The lender fulfils its commitment towards shareholders who approved the BT corporate issuance program, within the Extraordinary General Meeting of Shareholders (2022).
“We are complementing our bonds issuance program with this new round, because we want to strengthen our eligible liability instrument base and balance sheet structure, as we have attracted the attention of major and new investors to our market at an attractive price that optimizes our average program yield. We are satisfied with how the program has gone and we are optimistic about the future”, stated Ӧmer Tetik, CEO Banca Transilvania.
BT’s debut bonds issue was launched in April 2023 when it attracted EUR500 million from investors, in an issue that was oversubscribed in just a few hours, with investors placing orders amounting to over EUR850 million. This marked Banca Transilvania’s debut on the international market.
BT supplemented its international bonds issue by EUR100 million in June 2023, following high interest from institutional investors in the first bonds issue.
Banca Transilvania also received EUR200 million from the International Finance Corporation (IFC) and Asian Infrastructure Investment Bank in July 2023, as part of a subordinated bonds package. The financing is a subordinated debt and is listed on the Bucharest Stock Exchange.
Banca Transilvania has a market capitalization of RON15.9 billion. TLV shares have gained 10% so far in 2023 amid deals worth RON1.1 billion, as per stock market data.