Banca Transilvania (BVB: TLV) on April 15 announced that it raised EUR 1 billion from international markets through a bond issuance that was almost four times oversubscribed, confirming investors\u2019 strong interest in supporting BT\u2019s growth prospects.\u00a0<\/p>\n
This bond issuance represents BT\u2019s first Investment Grade instrument, rated BBB- by Fitch Ratings.\u00a0<\/p>\n
Strong investor demand (EUR 3.8 billion) contributed to a reduction in the coupon rate from the initially estimated 5.125% to 4.75%, a decline of more than 30 basis points. \u00a0\u00a0<\/p>\n
The price of the bank\u2019s shares rose by 2.8% during the trading day, bringing the bank’s market capitalization to RON 41 billion (EUR 8 billion).<\/p>\n
The bank\u2019s shares surged by 60% y\/y, while they are still trading at a still moderate profit-to-earnings ratio (PER) of just over 9.<\/p>\n
The transaction was coordinated by Goldman Sachs Bank Europe SE, J.P. Morgan, Morgan Stanley, Nomura, and BT Capital Partners with the objective of achieving broad global distribution. Acting as Intermediary, BT Capital Partners \u2013 the brokerage arm of the Banca Transilvania Group \u2013 coordinated demand from local investors and international financial institutions.\u00a0<\/p>\n
The orderbook reached EUR 3.8 billion, with orders placed by over 200 institutional investors from 32 countries, predominantly from Europe (46%), as well as from the United Kingdom, the United States, and Asia.<\/p>\n
Participants included investment funds, pension funds, sovereign funds, commercial banks, insurance companies, private banks, and supranational institutions, highlighting both the diversity and quality of the investor base.<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n (Photo source: Bancatransilvania.ro)<\/em><\/p>","protected":false},"excerpt":{"rendered":" Banca Transilvania (BVB: TLV) on April 15 announced that it raised EUR 1 billion from international markets through a bond issuance that was almost four times oversubscribed, confirming investors\u2019 strong interest in supporting BT\u2019s growth prospects.\u00a0 This bond issuance represents BT\u2019s first Investment Grade instrument, rated BBB- by Fitch Ratings.\u00a0 Strong investor demand (EUR 3.8 […]<\/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-9761","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/9761","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=9761"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/9761\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}