UniCredit Bank announces the successful completion of a new issue of corporate bonds in lei (senior, unsecured) with a maturity of 5 years and a fixed annual coupon of 7.67%. Through the offer carried out on November 19, 2024 and addressed exclusively to qualified investors, the bank took 750 million lei, an amount significantly higher than the initial target amount of 550 million lei. For UniCredit Bank, it is the largest bond issue completed on the local market. Mihaela Lupu, CEO of UniCredit Bank: “We are delighted with the success of this issue, which reflects the great confidence that investors have in the financial soundness and long-term development strategy of UniCredit Bank. It is the third consecutive year that we have successfully completed a bond issue on the Romanian capital market, thus proving once again our firm commitment to contribute to the development of the capital market in Romania and to become a constant presence as an issuer. The amount issued allows us to continue offering innovative financing solutions to our customers.” The issue is to be listed on the Bucharest Stock Exchange in the next period and, together with the other two issues completed in 2022 and 2023, contributes to the fulfillment of our plan to diversify our funding sources and, at the same time, facilitates access to financing for the bank’s clients. The intermediary of this bond issue was Alpha Bank Romania, and the Clifford Chance Badea law firm provided the legal consultancy.
Contakt Express Logistik S.A., the Romanian market leader in accessories for phones and tablets, announces the approval of its Prospectus by the Financial Supervisory Authority and the launch of its initial public offering. Following the successful closing of the offering, the company will be listed on the Bucharest Stock Exchange, on the AeRO Market, under […]
The Romanian Environment Ministry has launched a public consultation on changes to national air quality regulations that would allow residents to see real-time pollution levels, replacing the current system based on 24-hour averages. The draft order updates Order 1818/2020, which defines how air quality indices are calculated and reported nationwide. Environment minister Diana Buzoianu said […]
The Bishop of Cluj-Gherla, Claudiu Lucian Pop, has been appointed as the new Major Archbishop of the Greek-Catholic Church, a position that became vacant following the passing of 94-year-old Cardinal Lucian Mureșan in September of this year. The new leader of the Romanian Greek Catholic Church, or the Romanian Church United with Rome, was elected […]
WWF Romania has launched a series of planting initiatives in Bucharest aimed at supporting declining pollinator species, joining forces with local environmental groups to transform urban green spaces into habitats for bees, butterflies, and other beneficial insects. The first intervention took place on November 1 in the 400 sqm garden of the Museum of Maps, […]
Update: Liberty Steel Group reacted to the investigation on Friday, saying that it is cooperating with the authorities but denying any wrongdoing. A spokesperson said: “Liberty and its management have always acted in full compliance with Romanian laws and regulations, following local legal advice. The company is cooperating fully with the authorities in their investigation […]
Romanian prosecutors conducted searches on Friday, November 7, at the headquarters of the steel mill Liberty Galați and in several counties, in a case of embezzlement and tax evasion that includes Russian gas giant Gazprom, Economedia.ro reported. Specifically,...
