The international team engrossed in this project and coordinated by partner lawyers Claus Schneider and Claudia Chiper consisted of experts specialized in capital markets within Wolf Theiss, respectively senior lawyer Nikolaus Dinhof-Renezeder and lawyers Andreea Tudorache and Sebastian Prakljacic.
On October 14, 2021, BCR successfully closed its first issuance of senior preferential green bonds worth RON500 million. The bonds have a seven-year maturity, an annual interest rate of 5%, a nominal value of RON500,000, and were placed to professional clients and eligible counterparties.
The bonds will be eligible for the minimum requirement for own funds and eligible liabilities (MREL) upon receiving the approval of Romania’s central bank. The bonds will be listed on the regulated market of the Bucharest Stock Exchange and on the official market of the Vienna Stock Exchange.
The listing of BCR’s first green bonds comes in less than half a year from the admission to trading of the previous bonds, of May 31, in the amount of RON1 billion, the biggest bond issuance on the Bucharest Stock Exchange. BCR is at its fourth bond issue listed on BVB, with the first one already reaching maturity. BCR26, the second bond issue worth RON600 million, has been traded since December 2019. BCR28, the third bond issue worth RON1 billion, has been traded since the end of May 2021.