Banca Transilvania’s bond issue has a four-year maturity and investors allocated about EUR850 million orders, but the bank decided to raise only half a billion euros for the time being, Ziarul Financiar learned.
“Orders came from abroad and from the domestic market,” a banker said.
The bonds will be listed on a capital market.
The data available in the Bloomberg platform show the brokers of this transaction include Morgan Stanley, BT Capital Partners and ING.
This is one of the highest amounts ever raised by a lender in Romania.
Banca Transilvania has RON13.8 billion capitalization and its shareholders include all seven Pillar II pension funds, 24%, as well as the European Bank for Reconstruction and Development.
Its CEO Omer Tetik told ZF in an interview in October that idea behind the EUR1 billion non-convertible bond issue was to meet the MREL criteria.
(English version by Loredana Fratila-Cristescu)