Through the bond offering, the bank aimed to raise a total amount of RON400 million. The offer was oversubscribed twice by the investors, so that the final amount allocated amounted to RON480 million.
UniCredit Bank’s RON-denominated corporate bond issuance is part of a wider programme and is targeted towards diversifying funding sources in order to increase access to finance for the bank’s customers. The offer was successfully completed on the basis of subscriptions from qualified local institutional investors and international financial institutions.
“This new bond issuance confirms that we are constantly concerned with the development of the local capital market, providing opportunities for investors and increasing access to finance for our clients. We are very grateful for the strong interest showed by our investors which reaffirms their confidence in our strategic direction and in our position as a strong organisation,” said Mihaela Lupu, CEO of UniCredit Bank.
The bonds have a five-year maturity (November 24, 2028) and a fixed annual coupon of 7.82%. They were issued under the Euro Medium Term Note Program, following the terms of the base prospectus approved by the FSA on December 7, 2022 and completed through the First Supplement approved on November 7, 2023. The total amount issued under the program through two issuances (December 21, 2022 and November 24, 2023) thus reached RON 968.5 million.
The bonds will be listed on the Bucharest Stock Exchange.