Romanian bank BCR floats its EUR 700 mln ‘green’ Eurobond at Bucharest Exchange

Banca Comerciala Romana (BCR), one of the most important financial groups in Romania, announced it listed on May 30 the first international issue of green Eurobonds of a Romanian bank (BVB: BCR27E) totalling EUR 700 mln. The bond is listed on the Vienna Stock Exchange as well.

The bond, with a 7.625% coupon attached (annual, fixed for the first three years), qualifies both as a “green” bond and also as eligible liability under MREL requirements. The coupon is payable on a quarterly basis starting in May 2026, when it is revised to 3-month EURIBOR, +4.539%.

This bond issue is the first issued by BCR this year and the 9th listed by BCR on the local stock exchange. The first BCR bond issued has reached maturity, currently being traded 8 corporate and green issues. The second bond issue, worth RON 600 mln, is available for trading starting in December 2019 under the stock ticker BCR26.

Last year BCR listed three bond issues, one of which was of green bonds: BCR28, BCR28A and BCR28B.

In 2022, the bank listed on the Bucharest Stock Exchange Main Market 3 bond issues, of which the first and third were corporate, BCR27 and BCR28C, while the second was a green bond issue, BCR27A.

(Photo source: Facebook/Bursa de Valori Bucuresti)