Banca Comercială Română (BCR) has successfully completed its second eurobond issuance, raising EUR 500 million and strengthening its access to international capital markets. The transaction achieved one of the most competitive funding margins obtained in recent years by a Romanian bank for an MREL-eligible issuance.

Over 130 institutional investors expressed interest in the transaction, and demand significantly exceeded the offered amount, surpassing EUR 2 billion at the book’s closing. The issuance was arranged by Bank of America, BNP Paribas, Citi, Erste Group, and JP Morgan, with the bonds scheduled to be listed on the Vienna Stock Exchange and subsequently on the Bucharest Stock Exchange.

The new issuance has a six-year maturity, with an early redemption option after five years. It aligns with BCR’s strategy to expand and complement the bank’s yield curve, through periodic issuances designed to fill gaps between maturities and support transparent market pricing.