Clifford Chance advises the consortium of investment banks in connection with the EUR 1 billion bond issue launched by Banca Transilvania on international markets

The Clifford Chance team included Radu Ropotă (Partner) and Cosmin Mitrică (Associate) from the Banking & Finance and Capital Markets practice of the Bucharest Clifford Chance office, and Kate Vyvyan (Partner) and Russell Harris (Senior Associate) – Clifford Chance London, respectively. 

Radu Ropotă, Partner at Clifford Chance and coordinator of the advisory team, says: "Congratulations to Banca Transilvania on another first-of-its-kind transaction, which reinforces its reputation as a leading Romanian issuer on the international stage, in a global context marked by uncertainty and volatility. The success of the latest bond offering, which was oversubscribed by nearly four times, confirms that experienced investors will always place their trust in the fundamentals of a solid business with clear performance indicators and a well-designed strategy.”

The latest deal adds to Clifford Chance Badea's track record of representative Capital Market projects and consolidates a long-standing collaborative relationship with Banca Transilvania.

Recently advised projects include: Banca Transilvania's first AT1 bond issue and the largest in Central and Eastern Europe - Clifford Chance advised the consortium of investment banks in connection with the EUR 500 million AT1 bond issue launched by Banca Transilvania on international markets:

Banca Transilvania's first sustainable bonds issue denominated in RON - Clifford Chance advised the arrangers BT Capital Partners, Banca Comercială Română, Raiffeisen Bank and Alpha Bank Romania in Banca Transilvania's successful first sustainable bonds issue denominated in RON, which raised a record RON 1.5 billion.

The bonds will be listed on the Euronext Dublin Stock Exchange.