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Filip & Company and Clifford Chance Advise on Banca Transilvania's EUR 700 Million Sustainable Bond Issuance

Romania
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Filip & Company has advised Banca Transilvania on a EUR 700 million sustainable bond issuance with J.P. Morgan, Morgan Stanley, Nomura, and ING Bank as the arrangers, ING Bank as the ESG advisor, and BT Capital Partners as co-manager. Clifford Chance advised the banks.

The bonds mature in 2030, will be listed on the Dublin Stock Exchange, and are eligible for the minimum own funds requirement and eligible liabilities.

Earlier this year, Filip & Company advised on Banca Transilvania's synthetic securitization deal with EIB and the EIF (as reported by CEE Legal Matters on July 10, 2024), on its acquisition of BRD Pensions (as reported by CEE Legal Matters on June 3, 2024), and on its acquisition of OTP Bank Romania and its subsidiaries (as reported by CEE Legal Matters on February 21, 2024). In 2023, the firm advised BT on its new EUR 1.5 billion bond program and EUR 500 million sustainable bond issuance (as reported on December 15, 2023) as well as on its two earlier issuances that same year, under its earlier EUR 1 billion bond program: a EUR 500 million bond issuance in April (as reported by CEE Legal Matters on May 3, 2023) and a EUR 200 million bond issuance in July (as reported by CEE Legal Matters on July 21, 2023).

The Filip & Company team included Partners Alexandru Birsan and Olga Nita, Senior Associates Roxana Diaconu and Mihnea Niculescu, and Associates Anca Badescu, Bianca Gheorghe, Raluca Bita, and Georgiana Lazar.

The Clifford Chance team included Bucharest-based Partner Madalina Rachieru-Postolache, Of Counsel Radu Ropota, and Lawyer Martha Busuiocescu as well as further team members in London.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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