The bond issue targeted institutional investors and was subscribed at a yield of 8.295% a year or 1.2% more than the yield of the leu-denominated government paper with the same maturity, the bank said in a press release.
The series 6 bond issue therefore reaches RON488.25 million and the volume of MREL notes issued so far stands at more than RON3.4 billion.
The bonds will be included in the bank’s own funds and minimum eligible liabilities, following approval from Romania’s central bank, and will be listed on the Luxemburg Stock Exchange (LuxSE) and on the Bucharest Stock Exchange.
(English version by Loredana Fratila-Cristescu)