Romania’s Libra Internet Bank to issue 40 mln euro bond

Romania’s Libra Internet Bank said that its shareholders approved the issue of 40 million euro ($48.3 million) worth of debt paper, according to

The decision was taken during an extraordinary general meeting of shareholders on April 16, Libra said in a statement filed with the Bucharest Stock Exchange, BVB.

Libra Internet Bank completed its first private bond issue ahead of schedule in March 2020, raising 4.29 million euro from investors.

Libra Internet Bank has a network of 55 branches in Romania, serving mostly customers with liberal professions, SMEs, as well as corporate and agribusiness clients.

The bank, a member of US-based investment group New Century Holdings since 2003, operates three IT centres in Romania – in Bucharest, Craiova and Cluj-Napoca.

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