The subordinated bonds of Banca Transilvania are traded on BVB – Financial Markets – Insurance – All about insurance – Romanian Market for Insurance

Banca Transilvania subordinated bonds are traded at BSE

Banca Transilvania's subordinated bonds were introduced on Friday, July 6, on the floor of the Bucharest Stock Exchange. The issue represents a total of 285 million euros.

"Banca Transilvania launched this issue to finance the growth of the medium and long-term loan portfolio, as well as to streamline the capital structure, giving shareholders high returns," said Omer TETIK, CEO of Banca Transilvania . We are witnessing the first two issuers of the same issuer for the Romanian capital market: first of all, we are talking about the first issue of bonds issued by Banca Transilvania on the Bucharest Stock Exchange, the second with reference to the fact that the bonds of the bank are the first Banca Transilvania is to this day the most traded issuer on the local market and ranks among the top three companies in terms of capitalization, "said Adrian TANASE, CEO of the company. ; BSE. Bucharest values.

Bonds are type 2, unsecured, subordinated, denominated in EUR and have an annual interest equal to EURIBOR6M + 3.75%. The subordinated bond symbol is TLV28E and the bonds mature in 2028.

Bid Capital Partners, investment banking and capital market division of Banca Transilvania Financial Group and exclusive member of Oaklins in Romania, was the 39, the intermediary of the subordinate offer. The law firm PeliFilip provided legal advice and PwC Auditing Services

BT is the first bank in Romania to be listed on the Bucharest Stock Exchange; the bank has more than 20 years of experience as a BVB listed company.

More than 28,000 shareholders of Banca Transilvania are Romanians. About 55% of BT's capital is Romanian and the market capitalization exceeds 10 billion rubles.

Banca Transilvania is the second largest bank in Romania, according to assets. It has 2.5 million customers, nearly 500 offices and more than 7,000 employees.

Banca Transilvania recorded a net profit of net worth of 366 million lei in the first quarter of 2018, almost 50% higher compared to the same period the previous year, in the framework for the granting of some 44,000 new loans and high commissions on profits – 18.2%.

Regarding the profit reported by the BT group, it reached 389 million In the first three months, 45% more than in the same period of 2017.

BT Group closed the three first months of the year with assets of more than 60 billion lei, up 15%, of which most ROL 59.6 billion). Net loans represent 51% of group assets