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UniCredit Bank issues corporate bonds worth RON 610 million on Bucharest Stock Exchange

8/7/2017

Corporate bonds issued by UniCredit Bank SA, member of the UniCredit Group, one of Romania’s largets banks in terms of assets, 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.

More than 30 local and international institutional investors subscribed in the bond sale offer, which took place 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," stated Rasvan Radu, CEO of UniCredit Bank.

"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," said Ludwik Sobolewski, CEO of Bucharest Stock Exchange.  

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, respectively:

-               for the 3-year maturity tranche, symbol UCB20, ROBOR 6MONTHS +0.65%

-               for the 5-year maturity tranche, symbol UCB22, ROBOR 6MONTHS +0.85%

-               for the 3-year maturity tranche, symbol UCB24, ROBOR 6MONTHS +1.05%

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

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About UniCredit Bank

UniCredit Bank is part of UniCredit, a leading pan-European group with a simple commercial bank model and an integrated Corporate and Investment Banking system, providing the customer base with a uniqe Western, Central and Eastern European network. The Group is present in Romania through: UniCredit Bank, UniCredit Consumer Financing, UniCredit Leasing Corporation, UniCredit Insurance Broker, UniCredit Leasing Fleet Management and UniCredit Business Integrated Solutions.

About Bucharest Stock Exchange

Bucharest Stock Exchange (BVB) develops the most advanced and complex array of programs among the European stock exchanges with the purpose to increase the level of financial education. BVB’s activities are dedicated mostly to existing or potential investors and to entrepreneurs, and their aim is to have a significant contribution to the development of financial literacy in Romania. The technical achievements were also part of BVB strategy and included, among other things, the development of the trading platform Arena XT, which is now used by 13 brokerage companies.