{"id":1839,"date":"2024-09-26T06:01:54","date_gmt":"2024-09-26T06:01:54","guid":{"rendered":"https:\/\/ofero.news\/?p=1839"},"modified":"2024-09-26T06:01:54","modified_gmt":"2024-09-26T06:01:54","slug":"romanias-leading-financial-group-banca-transilvania-issues-eur-300-mln-mrel-fx-bonds","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=1839","title":{"rendered":"Romania&#8217;s leading financial group Banca Transilvania issues EUR 300 mln MREL FX bonds"},"content":{"rendered":"<p>Romania&#8217;s leading financial group, Banca Transilvania (BVB: TLV), has issued EUR 600 mln of FX bonds with a maturity of six (6) years on the international market in an unannounced operation on September 25, according to Bloomberg and <a href=\"https:\/\/www.profit.ro\/bloomberg\/ultima-ora-banca-transilvania-imprumuta-600-milioane-euro-printr-o-emisiune-pe-piata-externa-21744745?mc_cid=1c4e726e50&amp;mc_eid=cd1f92f96c\" target=\"_blank\" rel=\"noopener\">Profit.ro<\/a>.\u00a0The demand was nearly quadruple (EUR 2.3 bln).\u00a0<\/p>\n<p>The issue&#8217;s arrangers are ING, JP Morgan, Morgan Stanley, Nomura, and BT Capital Partners.<\/p>\n<p>The issue was launched with an opening rate of midswap +335 basis points (bp), however, on the background of strong demand from investors, it went down to midswap +225bp. The 6-year midswap rate was 2.32% at that time.<\/p>\n<p>The issue is intended to strengthen own funds requirements (MREL) and is of senior non-preferred type, intended for qualified investors. It comes on top of the other two MREL bond issues last year.<\/p>\n<p>In November 2023, TLV managed to place the second MREL bond issue of that year on the international financial markets: EUR 500 mln for a period of 5 years, with a yield of 7.25%. In the previous one, the bank paid almost 9% for 4-year bonds.\u00a0<\/p>\n<p>In April 2023, TLV issued its first FX bond on the international market, EUR 500 mln senior non-preferred bonds.<\/p>\n<p><em>iulian@romania-insider.com<\/em><\/p>\n<p><em>(Photo source: Banca Transilvania)<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Romania&#8217;s leading financial group, Banca Transilvania (BVB: TLV), has issued EUR 600 mln of FX bonds with a maturity of six (6) years on the international market in an unannounced operation on September 25, according to Bloomberg and Profit.ro.\u00a0The demand was nearly quadruple (EUR 2.3 bln).\u00a0 The issue&#8217;s arrangers are ING, JP Morgan, Morgan Stanley, [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1839","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/1839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1839"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/1839\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}