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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

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BCR's EUR 200 mln 7-yr bonds start trading at Bucharest Stock Exchange

The senior non-preferred bonds issued by Banca Comerciala Romana (BCR), Romania's second-biggest lender by assets, worth RON 1 bln (EUR 200 mln), will start trading on Bucharest Stock Exchange's Main Market, under the ticker BCR28.

It is BCR's second such issue, after the RON 600 mln issue in December 2019, when the bank successfully placed the first senior non-preferred bonds in Romania and the CEE region on BVB.

The European Bank for Reconstruction and Development (EBRD) placed RON 300 mln (EUR 60 mln), and the International Financial Corporation (IFC) said it contributed another USD 25 mln (over RON 100 mln).

BCR's head of investment banking, Ioana Tanase, explained the issue was operated not for liquidity purposes but regulatory purposes.

The bonds have a seven-year maturity and an interest rate of 3.9% p.a. The issue includes 2,000 bonds with a nominal value of RON 500,000 and was processed in BVB's trading system on May 19th, 2021.

BCR, a member of Erste Group, is one of the most important financial groups in Romania, providing universal banking operations (retail, corporate & investment banking, treasury and capital markets), as well as companies on the leasing market private pensions and housing banks.

andrei@romania-insider.com

(Photo source: Shutterstock)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB

 

BCR's EUR 200 mln 7-yr bonds start trading at Bucharest Stock Exchange

The senior non-preferred bonds issued by Banca Comerciala Romana (BCR), Romania's second-biggest lender by assets, worth RON 1 bln (EUR 200 mln), will start trading on Bucharest Stock Exchange's Main Market, under the ticker BCR28.

It is BCR's second such issue, after the RON 600 mln issue in December 2019, when the bank successfully placed the first senior non-preferred bonds in Romania and the CEE region on BVB.

The European Bank for Reconstruction and Development (EBRD) placed RON 300 mln (EUR 60 mln), and the International Financial Corporation (IFC) said it contributed another USD 25 mln (over RON 100 mln).

BCR's head of investment banking, Ioana Tanase, explained the issue was operated not for liquidity purposes but regulatory purposes.

The bonds have a seven-year maturity and an interest rate of 3.9% p.a. The issue includes 2,000 bonds with a nominal value of RON 500,000 and was processed in BVB's trading system on May 19th, 2021.

BCR, a member of Erste Group, is one of the most important financial groups in Romania, providing universal banking operations (retail, corporate & investment banking, treasury and capital markets), as well as companies on the leasing market private pensions and housing banks.

andrei@romania-insider.com

(Photo source: Shutterstock)

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