UniCredit Bank’s corporate bonds go on tranding. BVB official: A positive message to investors

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Corporate bonds issued by UniCredit Bank SA, member of the UniCredit Group, started trading on Bucharest Stock Exchange (BVB) as of August 7, 2017. The issue of corporate bonds is worth a total of RON 610 million, a press release informs.

More than 30 local and international institutional investors subscribed in the bond sale offer, which took place during July 17-21.

“We are pleased to have successfully completed this bond issuance and by the significant interest shown by our investors. We aim to continue to diversifying our financing structure and in Romania we are the first bank to launch new investment structures that meet the needs of local qualified investors and are aligned to the Romanian economy’s characteristics and capacity,” Rasvan Radu, CEO of UniCredit Bank stated.

According to Ludwik Sobolewski, CEO of Bucharest Stock Exchange, the recent bond transactions are a positive message sent by Romania to local and international investors.

“This shows that the local capital market has the ability and tools to absorb significant transactions, and that it has become a mature and effervescent marketplace, for issues or sales of shares, and for bond issues as well,” Sobolewski said.

The corporate bond issue of UniCredit Bank was structured on 3 classes for 3-year, 5-year and 7-year maturities with bi-annual settlement and variable coupon interest.

IEBA Trust SA was the brokerage company that intermediated this transaction.

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