The issue, traded as RBRO27B and using the ISIN XS2539944012 code, was launched in October 2022 and listed on both the regulated market in Bucharest as of November 2, 2022 and on the Luxembourg Bourse. The issuer will redeem the bonds on October 18, 2026 at their nominal value plus any unpaid accrued interest on the principal amount of the bonds up to that date.
The redemption date was not chosen just now, the Final Terms dated October 13, 2022 provided for only one call option for the issuer set precisely for October 18, 2026, with at least 30 business days notice.
The decision to exercise the early redemption option is based on the Issuer’s ongoing strategy to optimize its funding structure, given that the bonds lose their MREL eligibility once their residual maturity falls below one year.
(English version by Loredana Fratila-Cristescu)