Banca Transilvania supplements by EUR 100 mn its EUR 500 mn Dublin-listed Eurobond issued in April
Romania's Banca Transilvania (BVB: TLV) announcedthat, as a result of the high interest from institutional investors in the MREL-eligible bond issued in April this year, the bank has decided to supplement it by EUR 100mn.
iulian ernst · Journalist
· Updated · 1 min read
Romania's Banca Transilvania (BVB: TLV) announcedthat, as a result of the high interest from institutional investors in the MREL-eligible bond issued in April this year, the bank has decided to supplement it by EUR 100mn.
This increases Banca Transilvania Group's worldwide visibility, the financial group explains.
The bonds being eligible for the minimum requirement for own funds and eligible liabilities (MREL) means it contributes - according to European banking standards - to the permanent provision of an optimal level of funds, distinct from customer deposits which are guaranteed by the Bank Deposit Guarantee Fund.
Banca Transilvania issued in April EUR 500mn of senior non-preferred bonds – significantly more than the target size of the issue (EUR 300mn).
The issue consists of 4-year senior non-preferred bonds at a yield of 9% per year and is listed on Euronext Dublin.
(Photo: Romolo Tavani/ Dreamstime)
