Wolf Theiss has advised Banca Comerciala Romana on its EUR 700 million issuance of fixed to floating senior non-preferred green eurobonds due 2027, under a multi-issuer EMTN program.
The notes were placed by joint lead managers Erste Group Bank AG, BNP Paribas, Citigroup Global Markets Europe, ING Bank, JP Morgan, and co-lead manager BCR. "The notes have a maturity of four years and may be redeemed three years after the date of issue. The denomination is EUR 100,000 per note. The notes are intended to be eligible for MREL (Minimum Requirement for Own Funds and Eligible Liabilities) purposes and will be listed on the Regulated Market of the Bucharest Stock Exchange and the Official Market of the Vienna Stock Exchange," the firm informed.
According to Wolf Theiss, "Banca Comerciala Romana has successfully closed its first issue on the international capital markets of senior non-preferred green eurobonds in the amount of EUR 700 million. This marks the largest corporate bond issue in the Romanian market and the first international issue of green eurobonds by a Romanian bank."
"BCR is the first bank in Romania to print a green eurobond issue, and the trading process has marked some firsts in the European banking industry," Banca Comerciala Romana CEO Sergiu Manea said. "These milestones confirm the recognition and trust BCR enjoys among investors, whether corporate or institutional, international, or local. We are glad that together with our partners, through the capital market, we can strengthen Romania's major growth opportunities and processes."
The Wolf Theiss team included Partners Claudia Chiper and Claus Schneider, Senior Associate Andreea Tudorache, and Associate Sebastian Prakljacic.
Wolf Theiss did not respond to our inquiry on the matter.