This is the bank’s first issue in RON, listed at the Stock Exchange, and includes 2,500 corporate, sustainable, eligible (compliant with MREL requirements), non-preferred bonds, having a nominal value of RON 600,000.
The bonds will have the ticker symbol TLV32.
“Through this bond issue, we are diversifying investment options for local investors through the stock exchange. Those who choose to invest support both BT’s growth and sustainable initiatives, with immediate impact on the community and the economy. We are happy to constantly contribute to the development of the capital market, to be an example for companies that choose BVB to finance their activity and to prosper”, stated Omer Tetik, CEO of Banca Transilvania.
Previously, Banca Transilvania listed on BVB two other issues of bonds in EUR: the first in 2018, amounting to EUR 285 million, under the ticker symbol TLV28E, with maturity in 2028 and the second one was listed in 2023, amounting to EUR 200 million, under the ticker symbol TLV33E, with maturity in 2033.
„This bonds issue was met with remarkable enthusiasm from local and international investors, confirming that the Romanian capital market is gaining visibility and credibility on the international financial stage. The issue obtained an Investment Grade rating from Fitch, which places these bonds in the safe investment category, at the same level as Romania’s sovereign rating,” stated Remus Vulpescu, CEO of the Bucharest Stock Exchange.
The bond issue was made via BT Capital Partners S.A, member of the division Banca Transilvania Group.
In the 28 years of operation with the local stock exchange, the bank’s market capitalisation has increased almost 1,000 times, reaching today over RON 30 billion, the highest value ever. At the same time, the company has distributed gross dividends amounting to RON8.3 billion since their listing.
During this period, the main BVB index, the BET index, where Banca Transilvania has the largest share (20%), appreciated 19.4 times.
(English version by Catalina Apostoiu)