“The EBRD’s Financial Institutions Bond Market Frame work for Romania covers investments in negotiable debt securities issued by local banks and non-bank financial institutions,” the statement noted.
EBRD’s first investment under the program targeted the 550 million lei (EUR121 million) bond issued by UniCredit Tiriac Bank last month. EBRD subscribed 20% of the bank’s five-year unsecured issue, which attracted over 30 investors.
“We welcome the EBRD’s investment in our premier bond issuance, which shows commitment to our institution, the Romanian capital market and the economy as a whole,” said Rasvan Radu, CEO of UniCredit Tiriac Bank.