This is the third bond listed by BCR at the Stock Exchange in 2022 and the total value of BCR bonds available for trading exceeds RON4 billion.
“Despite a challenging market context, we aim to ensure normality and continuity in our capital market activities. Investors’ receptivity implicitly represents a validation of our strategy to contribute to Romania’s prosperity. I like to thank my colleagues for their efforts in these demanding conditions, the investors for their trust and the partners at the Bucharest Stock Exchange for their demonstrated ability to permanently provide the necessary framework for such opportunities”, said Sergiu Manea, CEO of BCR.
‘”BCR is one of the most active issuers on the Bucharest Stock Exchange, consistently using the stock exchange as the principal financing asset. We are happy to see that this year, BCR issued two corporate bond issues and a green one, with a value of over RON 1bn. Currently, the BCR team has listed seven bond issues with a cumulative value of over RON 4bn, a performance that proves the capital market efficiency in providing solutions for financial institutions. Thus, the intense activity of the last two years has made BCR an essential partner in promoting the capital market as a resource for the Romanian companies’ development and implicitly of the Romanian economy”, said Adrian Tanase, Bucharest Stock Exchange CEO.
BCR issued and sold to ten bondholders a number of 668 corporate bonds with a nominal value of RON500,000, a maturity date on October 6, 2028 and an interest fixed annual rate of 9,57%. The bond issue that enters trading on Wednesday is the 8th listed by BCR on the Stock Exchange and the third in 2022. The first bond has reached maturity, currently being traded a total of seven BCR corporate and green issues.
The second bond issue, worth RON600 million, is available for trading starting with December 2019 under the stock ticker BCR26. Last year BCR listed three bond issues, one of which was of green bonds: BCR28, BCR28A and BCR28B. In 2022, the bank listed on the Bucharest Stock Exchange Main Market 3 bond issues, of which the first and third were corporate, BCR27 and BCR28C, while the second was a green bond issue, BCR27A.
BCR, a member of Erste Group, is one of the most important financial groups in Romania, including universal banking operations (retail, corporate & investment banking, treasury, and capital markets), as well as companies in the leasing market, private pensions, and housing banks.