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Clifford Chance Badea advised the arrangers on the EUR 500 million bonds issue of Banca Transilvania

The Capital Markets lawyers of Clifford Chance Badea, the local office of Clifford Chance, have been involved in deals with a combined value of over EUR 15 billion in the past 12 months, advising on all major mandates launched in Romania, as well as a series of complex transactions at global level. 

The most recent mandates include advising the arrangers in relation to the implementation of the Medium-Term Notes Programme of Banca Transilvania (of up to EUR 1 billion), and the Medium-Term Notes Programme of CEC Bank, respectively (EUR 600 million), advising the arrangers in all of Romania's sovereign Eurobonds issues, as well as advising the syndicate of banks in relation to this year's largest IPO in Central and Eastern Europe. 

Daniel Badea, Managing Partner, says: "This performance both honours and obliges us. We are one of the pioneers of Romania's Capital Market, being involved in the first local major transactions, at a time when the Romanian Capital Market was just in its early stage (2002 – 2007). We have built in time a practice that is today a benchmark of quality and innovation for the most complex matters on the domestic market. At the same time, we have positioned ourselves in the Clifford Chance global network as one of the most dynamic and high-performing offices for this product, which is reflected by an increasing share of global projects in which we are actively involved."

Mădălina Rachieru-Postolache, Partner, adds: "We are happy to see that the Romanian Capital Market, through its debt and equity instruments, is becoming an increasingly attractive option for the business environment. Moreover, we are seeing more and more projects with an international component as issuers understand the benefits of the exposure to more mature capital markets. We continue to stand by our partners, bringing to the table the best team of capital markets lawyers in Romania, and the extensive know-how of the only Capital Markets practice in Romania that is fully integrated into a Tier 1 global network." 

The team coordinated by Daniel Badea and Mădălina Rachieru-Postolache has a core of 10 lawyers, the two Partners mainly being assisted by Counsel Cosmin Anghel, Senior Associates Gabriel Toma and Mădălina Mailat, and lawyers Dorin Giurgi and Nicolae Grasu.

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