The corporate, non-guaranteed, senior rank bonds have a nominal value of 500,000 lei and a fixed interest rate of 7.67% per annum. The maturity date is November 22, 2029. This bond issue in lei is part of a broader program aimed at diversifying funding sources to increase access to financing for the bank’s clients.
“UniCredit Bank continues its partnership with the Bucharest Stock Exchange and lists a third issue of senior, unsecured bonds within the last 3 years. With the support of the local capital market, we are taking another step in implementing the strategy of diversifying our funding sources. We are grateful to the investors for their trust and for the success of this new bond issue of LEI 750 million. We will use the proceeds to finance the Romanian economy and to support economic growth.”, said Mihaela Lupu, CEO of UniCredit Bank.
“This new bond issue from UniCredit Bank reaffirms the long-standing and productive relationship BVB has with companies in the banking sector. Year after year, we manage to further develop the local capital market, and the partnership between BVB and banking institutions represents a pillar of this constant growth. We are pleased that UniCredit Bank is joining us with a new bond issue, the 5th in the last 11 years, thus maintaining a close collaboration with BVB and a stable position on investors’ radar.” said Adrian Tanase, CEO of the Bucharest Stock Exchange.
The bond issue was intermediated by Alpha Bank Romania.
The bond issue that begins trading today is the 5th listed by UniCredit Bank on the Bucharest Stock Exchange. The first bond issue, under the ticker symbol UCT18 in 2013, has reached maturity. The second bond issue was listed in 2017 with three different maturities, at 3, 5, and 7 years, under the ticker symbols UCB20, UCB22, and UCB24, all of which have reached maturity. The next bond issues of the bank (3rd and 4th) started trading in 2023, listed under the ticker symbols UCB27 and UCB28. The value of UniCredit Bank bonds available for trading now amounts to 1.7 billion lei.