In April, the bank raised EUR500 million from foreign markets through an issue approved by shareholders, with EUR100 million being added in June and EUR200 million in July.
„Approval of a program of corporate bond issues, denominated in euro and/or RON and/or in another currency, as the case may be, under market conditions in terms of interest rate, with a maturity of not more than 10 years, with the frequency of the annual or semi-annual coupon, for a maximum amount of EUR 1,500,000,000 or equivalent, on the basis of a flexible structure, through several separate issues, carried out over a maximum period of 5 years, with the delegation of powers to determine the conditions of the issuance program to the Board of Directors in accordance with item 5 of the agenda (‘The Bonds’),” mentions the bank.
BT Capital Partners would be the broker handing this funding.
Approval of the conduct of a public offer and/or private placement relating to first tranche bonds, which will be addressed to (i) qualified investors and/or (ii) up to 150 natural or legal persons other than qualified investors per Member State in accordance with the applicable legislative framework, with the delegation of powers to the Board of Directors on the offer of bonds for subsequent tranches (‘The Offer’).
Banca Transilvania has a RON16.4 billion capitalization and in 2023 its shares have added 16%.
(English version by Catalina Apostoiu)