BCR is paying 6.76% yield a year for this issue denominated in lei and due in 2027. In comparison, the benchmark for government paper for a five-year maturity is 5.88%, so BCR’s yield is 0.85% higher than that. The listing should be done on April 8, 2022, sources told ZF.
This bond issue most likely serves to strengthen the liquidity position of BCR as the others before it.
This is the sixth bond issue of BCR on the Bucharest Stock Exchange, and the first of them has already reached maturity. The second bond issue, RON600 milion, has been trading as BCR26 since December 2019.
(English version by Loredana Fratila-Cristescu)