Bucharest, August 1, 2013 Global law firm White & Case LLP has advised Raiffeisen Bank Romania on the issue of its three-year senior unsecured RON-denominated corporate bonds.
The RON 225 million (approximately €50 million) issue is one of the most important private placements carried out in Romania in recent years, with the early closure after just one day emphasising the interest of local investors in products of this type. The bonds were listed on Tier III of the Bucharest Stock Exchange from August 1, 2013.
Bucharest-based White & Case partner Lucian Bondoc said: “We’ve been very pleased to assist Raiffeisen Bank on this project, the result of which underlines how attractive bond offerings by banks are to investors and, additionally, the confidence in the Romanian banking sector. These are both important factors in the wider European context.
“We see this success as a powerful sign of a growing trend in the Romanian capital markets and expect that further issuances will be carried out in the near future.”
The White & Case team at the Firm’s Bucharest office which advised Raiffeisen Bank Romania was coordinated by partner Lucian Bondoc and associate Simona Petriºor and included associates Mihaela Ciocîrlea, Andreea Lungu and Claudia Petrache. The team also received support from White & Case lawyers in London and Milan.
About White & Case
White & Case LLP is a leading global law firm with lawyers in 39 offices across 27 countries. Among the first US-based law firms to establish a truly global presence, we provide counsel and representation in virtually every area of law that affects cross-border business. Our clients value both the breadth of our global network and the depth of our US, English and local law capabilities in each of our regions and rely on us for their complex cross-border transactions, as well as their representation in arbitration and litigation proceedings.
For further information, please contact:
Business Development & Marketing Manager
+ 4 031 224 8400