Banca Transilvania, listed on Bucharest Stock Exchange since 1997 and an important player on the Romanian banking market, being the largest bank by assets, lists today on the BVB its first issue of sustainability bonds in RON, amounting to 1.5 billion RON.
The bonds will have the ticker symbol TLV32. It is the first issue in RON of the bank listed on the stock exchange which marks, due to its value and type of bonds, a record on the Romanian banking market.
The bond issue listed today consists of 2,500 corporate, sustainable, eligible (compliant with MREL requirements), non-preferred bonds, having a nominal value of RON 600,000, with maturity in 2032 and bearing an annual interest rate of 8.875%.
Previously, Banca Transilvania listed on BVB two other issues of bonds in EUR: the first in 2018, amounting to EUR 285 million, under the ticker symbol TLV28E, with maturity in 2028 and the second one was listed in 2023, amounting to EUR 200 million, under the ticker symbol TLV33E, with maturity in 2033.
“Through this bond issue, we are diversifying investment options for local investors through the stock exchange. Those who choose to invest support both BT’s growth and sustainable initiatives, with immediate impact on the community and the economy. We are happy to constantly contribute to the development of the capital market, to be an example for companies that choose BVB to finance their activity and to prosper”, stated Omer Tetik, CEO of Banca Transilvania.
“We are grateful to Banca Transilvania for its contribution to the development of the Romanian capital market. This bonds issue was met with remarkable enthusiasm from local and international investors, confirming that the Romanian capital market is gaining visibility and credibility on the international financial stage. The issue obtained an Investment Grade rating from Fitch, which places these bonds in the safe investment category, at the same level as Romania’s sovereign rating. Throughout its almost three decades of presence on the stock exchange, Banca Transilvania has successfully used the mechanisms made available by the capital market and recorded notable performances, with the company’s capitalization recently reaching a record value of over RON 30 billion. The special partnership between the Bucharest Stock Exchange and Banca Transilvania demonstrates that, through sustained collaboration, strategic vision and compliance with international standards, Romanian companies can successfully access capital markets for sustainable development”, stated Remus Vulpescu, CEO of the Bucharest Stock Exchange.
In the 28 years of operation with the local stock exchange, the bank’s market capitalisation has increased almost 1,000 times, reaching today over RON 30 billion, the highest value ever. At the same time, the company has distributed gross dividends amounting to RON 8.3 billion since their listing.