“The bonds will have the ticker symbol TLV32. It is the first issue in RON of the bank listed on the stock exchange which marks, due to its value and type of bonds, a record on the Romanian banking market,” the Bucharest bourse said in a press release.
The listed bond issue comprised 2,500 corporate, sustainable, non-preferred bonds compliant with the Minimum Requirement for Own Funds and Eligible Liabilities (MREL), having a nominal value of 600,000 lei apiece, with a 2032 maturity and an annual interest rate of 8.875%.
“This bonds issue was met with remarkable enthusiasm from local and international investors, confirming that the Romanian capital market is gaining visibility and credibility on the international financial stage. The issue obtained an Investment Grade rating from Fitch, which places these bonds in the safe investment category, at the same level as Romania’s sovereign rating,” Bucharest Stock Exchange CEO Remus Vulpescu said.
Banca Transilvania [BSE:TLV] said last month that it raised 1.5 billion lei through its first leu-denominated sustainable bond issue, which will help finance sustainable projects.
Banca Transilvania listed two other bond issues on the BVB in the past. The first [BSE:TLV28E], listed in 2018, amounts to 285 million euro and will mature in 2028, while the second [BSE:TLV33E] was listed in 2023, amounting to 200 million euro, with maturity in 2033, the bourse said.
Banca Transilvania’s net profit jumped by 41.8% year-on-year to 3.532 billion lei in 2024.
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