The securities are subordinated, unsecured and non-convertible, they have a maturity of eight years, maturing in September 2027, and a fixed interest of 6.5% per year, payable on a half-year basis. The issue includes 10,000 bonds, with a face value of EUR500, which means a total value of EUR5 million.
Patria Bank’s bonds were subscribed by 96 investors.
Lender Patria Bank (PBK.RO), owned by Emerging Europe Accession Fund (EEAF), posted a net profit of RON5.8 million in the first nine months of 2019, compared with a loss of RON19.8 million in the same period in 2018.