Banca Transilvania attracted EUR 500 million through a bonds issue on November 29, with investors placing orders amounting to over EUR 1,650 million. 90% of the total issue was subscribed by international investors from 21 countries. A total of 108 investors - investment funds, financial institutions, pension funds, commercial and central banks, as well as insurance and trading companies - subscribed to the offer.

The issue was oversubscribed in just a few hours, allowing the interest rate to fall from 7.75% at the start of the order placement to 7.25% at the end. It is the first bond issue with an ESG label, with a social component (minimum 50%) and a green component, and is listed on the Dublin Stock Exchange. The bonds are MREL eligible, contributing, according to the European standards, to an optimal level of MREL- eligible funds, separate from the customers’ deposits, which are guaranteed by the Bank Deposit Guarantee Fund.

The bonds issue was coordinated by arrangers JP Morgan SE, Citigroup Global Markets Europe AG, ING Bank N.V (which also acted as sole sustainability advisor) and BT Capital Partners acted as co-manager. The legal advisors were Filip&Company, Freshfields Bruckhaus Deringer LLP, Clifford Chance Badea and Clifford Chance LLP. Deloitte Audit SRL acted as financial auditor and KPMG Tax SRL was the tax advisor.

BT bond issues from 2023:

• In the debut bond issue, the bank attracted €500 million from investors, who placed orders of more than €850 million. It was the bank's debut on the international market (April).
• BT increased its international bond issue by €100 million, following high interest from institutional investors in the first bond issue (June).
• Banca Transilvania received €200 million from IFC and Asian Infrastructure Investment Bank, part of a subordinated bond package. The financing is subordinated debt and is listed on the Bucharest Stock Exchange (July).
• BT added €190 million to its bond issuance programme by issuing bonds, bringing the total to almost €1 billion (August).