BT adds €190 million to its bond issuance programme, bringing it to almost €1 billion

Banca Transilvania complements with EUR 190 million its capital raising program to finance the economy by issuing bonds, thus reaching almost EUR 1 billion.

The bank is therefore fulfilling its commitment to shareholders, who approved the BT's corporate bonds issuance program at the Extraordinary General Meeting of Shareholders (2022).

"We are complementing our bonds issuance program with this new round, because we want to strengthen our eligible liability instrument base and balance sheet structure, as we have attracted the attention of major and new investors to our market at an attractive price that optimizes our average program yield. We are satisfied with how the program has gone and we are optimistic about the future", states Ӧmer Tetik, CEO, Banca Transilvania.

Similar to the debut issue, these bonds are listed on the Euronext Dublin Stock Exchange with ISIN code XS2669771664.

BT bonds issuances:

• BT's debut bond issue was launched in April 2023 when it attracted EUR 500 million from investors, in an issue that was oversubscribed in just a few hours, with investors placing orders amouting to more than EUR 850 million. This marked Banca Transilvania's debut on the international markets.
• BT increased its international bond issue in June 2023, following the high interest from institutional investors in the first bonds issue.
• Banca Transilvania received EUR 200 million from IFC and Asian Infrastructure Investment Bank in July 2023 as part of a subordinated bond package. The financing is subordinated debt and is listed on the Bucharest Stock Exchange.

The bonds are eligible for the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). They contribute, in line with the European banking standards, to ensuring an optimal level of own funds at all times, distinct from the customers’ deposits which are guaranteed by the Bank Deposits Guarantee Fund.