Romania’s leading Banca Transilvania raises EUR 500 mln through bond issue
Banca Transilvania, Romania’s leading bank, raised EUR 500 million from international markets through a bond issue that generated an order book of almost EUR 2 billion, at a margin of only 0.45% above the yield of Romanian government eurobonds with a similar maturity.
Radu Dumitrescu · Journalist
· 2 min read
It is the bank’s first subordinated bond issue on international financial markets, contributing to the objective of diversifying and optimizing its base of own funds and eligible liabilities. The transaction was completed in a market context marked by high volatility and a selective approach by investors towards new issues.
More than 100 institutional investors from 30 countries participated in the transaction, the majority from Europe, representing 44% of demand, alongside investors from the United Kingdom, the United States and Asia. Demand was mainly supported by real-money investors, including investment funds, pension funds, sovereign funds and insurance companies, alongside commercial and private banks and supranational institutions.
