Romanian CEC Bank expands MTN Programme to EUR 1.5 bln

CEC Bank, the largest state-owned bank in Romania, announced on November 19 at the Bucharest Exchange (BVB) that it prepared a prospectus to update the existing medium-term bond program (MTN Programme), approved by the Luxembourg financial sector supervisor (CSSF), in the sense of increasing its planned size from the equivalent of EUR 600 million to EUR 1.5 billion.

"The MTN program was initially set on December 21, 2022, for an amount of EUR 600 million. The total value of the MTN Program has been increased to the equivalent of EUR 1.5 billion, with drawdown options available in RON, EUR, and USD. The general terms and conditions of the MTN Program, which have been updated, are detailed in the current basic prospectus," notes the bank at BVB.