The bonds will be traded on the Main Market of the Bucharest Stock Exchange under the ticker symbol UCB28.
The corporate, non-guaranteed, senior rank bonds have a nominal value of RON500,000 and a fixed interest rate of 7.82% per annum. They will mature on 24 November 2028. The UniCredit Bank corporate bond issue in RON is part of a wider program to diversify financing sources, aimed to increase access to funding for the bank customers. The offer was mediated by Alpha Bank Romania.
“We are again at the Bucharest Stock Exchange with a new senior unsecured bond issue, part of the medium-term bond program of EUR 200 million approved in 2022. The listing of the issuance at BVB demonstrates our confidence in the capital market’s ability to finance the local economy and is confirmation of the fact that we are permanently focused on increasing access to financing for our clients”, said Mihaela Lupu, CEO of UniCredit Bank.
“The recent corporate bonds issues, that financial institutions of good standing are launching on the Bucharest Stock Exchange, prove that the Romanian capital market has the capacity to support significant transactions and, at the same time, re-affirm the partnership between the local exchange and players in the banking sector to develop the local capital market. The UniCredit Bank bond issue is its second emission to be listed on the stock exchange, thus continuing its relations with the capital market, initiated 10 years ago, when its first bond issue was listed with the stock exchange”, said Adrian Tanase, CEO Bucharest Stock Exchange.
The bond issue that starts trading today is the 4th listed by UniCredit Bank S.A. with the Bucharest Stock Exchange. The first bond issue listed under ticker symbol UCT18 in 2013 has reached maturity. The second bond issue started trading in 2017 with three different maturity dates, of 3, 5, and 7 years, under ticker symbols UCB20, UCB22 and UCB24 respectively, the last of which will mature on 17 July 2024. The 3rd bond issue of the bank started trading at the beginning of the current year. The UniCredit Bank bonds available for trading amount is reaching RON1.1 billion today.