Euro 285 million bonds issued by Banca Transilvania fall on Friday Economica.net



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The bonds issued by Banca Transilvania for an amount of 285 million euros enter into trading on the Bucharest Stock Exchange on Friday

Bonds have not been and will not be offered for subscription to the General public in Romania

have been offered for subscription through a private placement with a limited number of eligible investors.

Banca Transilvania announced on June 26 that it had successfully closed a private, under-guaranteed, euro-denominated fund, of equal interest to EURIBOR6M + 3.75% pa due in 2028. 39, a total nominal value of 285 million euros

Transilvania Bank reported a net profit of 366 during the first three months of the year million lei and financial group Banca Transilvania issued a net profit of 389 million lei, according to a press release issued by BT, according to AGERPRES.

In the first three months of these years the year, the bank granted 44,000 new loans to its customers, individuals, SMEs and companies

Banca Transilvania Group closed the first quarter of 2018 with assets 60.1 billion lei, of which 59.6 billion lei is linked to the bank, net representing 50.98% of the Group's assets. The rate of increase in operating income was 18.2%. The operational efficiency of BT is maintained at a comfortable level of 47%.

BT's strategy is supported by international shareholders such as the EBRD, the IFC-World Bank Division and various investment funds. Banca Transilvania now has more than 28,000 Romanian shareholders and around 55% Romanian capital.

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