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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. 

 

UniCredit Romania sells EUR 110 mln bearer bonds to parent group

UniCredit Bank Romania intends to issue EUR 110 mln non-preferential, unsecured senior bonds with a 5-year redemption clause in December to meet the minimum requirements of own funds and eligible debts (MREL), Ziarul Financiar daily announced.

The bonds - carrying a 2.31% coupon - will be sold to the parent bank UC SpA from Italy, the daily also reported.

The bonds that will be issued by UniCredit Bank Romania and for which the UniCredit group in Italy is an investor are bearer bonds not listed at the time of issue.

"The issuance of non-preferential senior bonds is part of the 2021 Financing Plan and is in line with the resolution strategy adopted at the level of the UniCredit group - single entry point (SPE)," reads a UniCredit document quoted by Ziarul Financiar.

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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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. 

 

UniCredit Romania sells EUR 110 mln bearer bonds to parent group

UniCredit Bank Romania intends to issue EUR 110 mln non-preferential, unsecured senior bonds with a 5-year redemption clause in December to meet the minimum requirements of own funds and eligible debts (MREL), Ziarul Financiar daily announced.

The bonds - carrying a 2.31% coupon - will be sold to the parent bank UC SpA from Italy, the daily also reported.

The bonds that will be issued by UniCredit Bank Romania and for which the UniCredit group in Italy is an investor are bearer bonds not listed at the time of issue.

"The issuance of non-preferential senior bonds is part of the 2021 Financing Plan and is in line with the resolution strategy adopted at the level of the UniCredit group - single entry point (SPE)," reads a UniCredit document quoted by Ziarul Financiar.

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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