Filip & Company assisted Banca Transilvania with the launch of a sustainable bond issue, raising EUR 700 million from international markets. The funds raised will be used to finance sustainable projects, according to the eligibility criteria of the Sustainable Finance Framework adopted by Banca Transilvania.
The bond sale was coordinated by arrangers J.P. Morgan, Morgan Stanley, Nomura and ING Bank (the latter also acting as ESG advisor), with BT Capital Partners as co-manager. The bonds mature in 2030, will be listed on the Dublin Stock Exchange and are eligible for the minimum own funds requirement and eligible liabilities (MREL).
“Banca Transilvania is one of the most highly regarded Romanian issuers in the international capital markets and this new issue reflects the success of their efforts in recent years, demonstrating strong investor interest in their products. The ability to balance attractive yields, attract a large number of investors and manage large transactions underlines Banca Transilvania’s relevance in the market, redefining expectations in terms of long-term performance and impact. Furthermore, the focus on sustainable products not only responds to market demand, but continues the Bank's tradition of supporting ESG projects. We are glad to have had the opportunity to work together again and thank them for their trust and excellent collaboration”, says Alexandru Bîrsan, partner and head of Corporate, M&A and Capital Markets at Filip & Company.
The Filip & Company team that assisted Banca Transilvania on this project consisted mainly of Alexandru Bîrsan (partner), Olga Niță (partner), Roxana Diaconu (senior associate), Anca Bădescu (associate), Bianca Gheorghe (associate), Mihnea Niculescu (senior associate), Raluca Biță (associate) and Georgiana Lazăr (associate).
Over the last years, Filip & Company was successfully involved in many benchmark transactions on the Romanian capital market, whether they were share or bond offers, as well as in all the bond issues of the Romanin State on the external markets. The Filip & Company lawyers are ranked first in the most prestigious international directories - Chambers and Partners, Legal 500 and IFLR in the Capital Markets practice, both as a team as well as individually, and Alexandru Bîrsan is included in the Legal 500’s “Hall of fame” for this practice area.
Filip & Company
Filip & Company is one of the leading law firms in Romania providing top quality assistance in all relevant areas of law for businesses operating in Romania or considering Romania. Specialized in complex projects that require an innovative approach, Filip & Company lawyers have a wide experience in several domains, such as infrastructure and concession, mergers and acquisitions, energy, corporate, real estate, competition law, finance and capital markets but also labour law, data protection, consumer or environment protection. The law firm also provides legal assistance and representation in disputes and arbitrations with significant implications for the clients’ businesses. Please visit www.filipandcompany.com. to find out more about Filip & Company’s expertise and team.
