Wolf Theiss acted as legal advisor to Banca Comerciala Romana S.A. in relation to the issue of the RON 1 billion bonds, 3.90 per cent coupon, under its Multi Issuer EMTN Programme, the Non-Preferred Senior Notes due 2028 being the largest RON denominated bonds issue in Romania on its issue date.
Banca Comerciala Romana S.A. successfully closed its first issue in 2021 of Non-Preferred Senior Notes in amount of RON 1 billion. The notes have a maturity of seven years and were placed with professional clients and eligible counterparties with a coupon of 3.90 per cent. per annum. The denomination is RON 500,000 per note. The notes are intended to be eligible for MREL (Minimum Requirement for Own Funds and Eligible Liabilities) purposes, based on confirmation of the National Bank of Romania. It is expected that the Notes are listed on the Regulated Market of the Bucharest Stock Exchange. The closing took place on 21 May 2021.
Under the lead of Partners Claus Schneider and Claudia Chiper, the Wolf Theiss' international Debt Capital Market (DCM) team involved in this project included Senior Associate Nikolaus Dinhof and Associates Andreea Tudorache and Sebastian Prakljacic.
"We are very pleased to have been involved in Banca Comerciala Romana S.A. first notes issue in 2021 and the largest RON denominated bonds issue in Romania as at 21 May 2021. We are thankful for the trust they have placed in us and express this way our entire appreciation for the entire team at Banca Comerciala Romana for the great collaboration we had on this very successful trade", stated Andreea Tudorache, Associate Banking & Finance and Capital Markets, on the transaction.