Banca Comercială Română (BCR) is listing a new bond issue worth over RON 1 billion on the Main Market of the Bucharest Stock Exchange (BVB) on Tuesday, July 14. The bonds will begin trading under the ticker symbol BCR33 and have a 7-year maturity.
This marks BCR’s first bond issuance of 2026, its 13th issue listed to date, and the largest corporate bond issue on the Exchange this year.
The private placement conducted prior to the admission to trading of the BCR33 bonds took place between June 11 and 12, 2026. The offering closed early in less than 24 hours, attracting total subscriptions of RON 1,000,200,000 – double the minimum target amount of RON 500 million.
The corporate bonds issued by BCR, totaling 1,667 bonds with a nominal value of RON 600,000 each, carry a fixed annual coupon rate of 7.77% and will mature on June 16, 2033.
The bonds are part of the EMTN (Euro Medium Term Notes) program, which enables the company to access international capital markets for financing. The offering was targeted exclusively at qualified investors, with a total of 21 subscription orders placed, 64% originating from Romanian investors and 36% from international investors.
The BCR bond issue received a Baa2 rating from Moody’s Ratings. A Baa2 rating places the bonds in the investment-grade category, indicating that the issuer is considered stable.
“With a new bond issue exceeding RON 1 billion, bringing its total financing to date to RON 13.4 billion, Banca Comercială Română maintains its position as a key player in the Romanian capital market. The bonds listed today on the BVB demonstrate the confidence of institutional investors in BCR’s financial profile and in the potential of the local economy. BCR continues to use the Exchange as a strategic source of financing, demonstrating the stability and true growth capacity of our financial market. We are delighted to celebrate this new milestone together, and we are confident that the partnership between BCR and the Bucharest Stock Exchange will continue to generate value in the years to come,” stated Remus Vulpescu, CEO of the Bucharest Stock Exchange.
“A one-billion-RON issue, closed in less than 24 hours and oversubscribed by two times. It is the largest corporate issue listed this year on the Bucharest Stock Exchange, which for us represents a vote of confidence. Confidence in BCR, confidence in the banking industry, and confidence in Romania. As of today, this confidence continues its journey on the capital market, where BCR bonds are traded within an ecosystem built on transparency, discipline, and governance,” stated Sergiu Manea, CEO of Banca Comercială Română.