Filip & Company assisted Banca Transilvania with the launch of a sustainable bond issue, raising 700 million EUro from international markets. The funds raised will be used to finance sustainable projects, according to the eligibility criteria of the Sustainable Finance Framework adopted by Banca Transilvania.

The bond sale was coordinated by arrangers J.P. Morgan, Morgan Stanley, Nomura and ING Bank (the latter also acting as ESG advisor), with BT Capital Partners as co-manager. 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 (MREL).

“Banca Transilvania is one of the most highly regarded Romanian issuers in the international capital markets and this new issue reflects the success of their efforts in recent years, demonstrating strong investor interest in their products. The ability to balance attractive yields, attract a large number of investors and manage large transactions underlines Banca Transilvania’s relevance in the market, redefining expectations in terms of long-term performance and impact. Furthermore, the focus on sustainable products not only responds to market demand, but continues the Bank’s tradition of supporting ESG projects. We are glad to have had the opportunity to work together again and thank them for their trust and excellent collaboration”, says Alexandru Bîrsan, partner and head of Corporate, M&A and Capital Markets at Filip & Company.

The Filip & Company team that assisted Banca Transilvania on this project consisted mainly of Alexandru Bîrsan (partner), Olga Niță (partner), Roxana Diaconu (senior associate), Anca Bădescu (associate), Bianca Gheorghe (associate), Mihnea Niculescu (senior associate), Raluca Biță (associate) and Georgiana Lazăr (associate).