BCR29 is the tenth bond issue listed on the stock exchange by the bank, with the amount of all the issues thus totaling RON8.8 billion in the last four years.
The issue consists of non-preferential senior bonds with 6-year maturity. The bonds obtained a long-term rating of BBB+ from Fitch and Baa2 from Moody’s. BCR has issued 2,000 shares of nominal value RON500,000, at fixed interest rate 7.55%.
“BCR supports the development of the local capital market through responsible investments that have a direct impact on our society, while we continue to promote financial and investment literacy. In fact, with this new RON1 billion bond issuance, we are highlighting the capital market as an important financing tool for the real economy, supporting economic growth, risk allocation and financial stability. We want to thank investors and partners at the Bucharest Stock Exchange for their trust and for the fact that together we are stimulating a strong and resilient economy that generates long-term value for Romania”, stated Sergiu Manea, CEO of BCR.
”From the record in 2021, when the bank was issuing the largest bond issue on the local market at the time, continuing with the bank debut on international markets in May this year with the listing of the first issuance of green eurobonds issued by a Romanian bank and up to the new bond issue started today on the stock exchange, the Romanian Commercial Bank has demonstrated that it is a true partner in developing the ecosystem around Bucharest Stock Exchange and, implicitly, of the Romanian economy”, stated Adrian Tanase, CEO of the Bucharest Stock Exchange.
The bond issue started on the stock exchange on Dec 19, 2023 is the tenth issue listed by BCR with the BVB in the past four years. The first bond issue by BCR has matured, with currently nine corporate and green issues having been traded to date. The second bond issue by the bank, worth RON600 million, has been trading since December 2019 under ticker symbol BCR26. In 2021, BCR listed another three bond issues, of which one of green bonds, BCR28, BCR28A and BCR28B. In 2022, BCR listed on the Regulated Market of Bucharest Stock Exchange three bond issues, of which the first and the third were corporate bonds, BCR27 and BCR28C, while the second was a green bond issue, BCR27A. In May 2023, BCR listed a green eurobond issue BCR27E, thus marking the bank debut on the international capital markets.