The lender successfully concluded a new issue of corporate (senior unsecured) bonds on December 16, 2022. The bank sought to raise RON450 million but its issue was oversubscribed by institutional investors and international financial institutions so it actually raised RON488.5 million.
Clifford Chance Badea assisted UniCredit through the entire process, including the drafting of the prospectus of the Medium Term Note Program of UniCredit Bank.
UniCredit Bank’s leu-denominated corporate bond issue is part of a broader program to diversify funding sources to boost access to funding for its customers.
The Clifford Chance Badea team that assisted UniCredit Bank was led by Madalina Rachieru-Postolache, managing partner of the Capital Markets practice and included Gabriel Toma, senior associate and Nicolae Grasu, lawyer.
(English version by Loredana Fratila-Cristescu)