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.
President Klaus Iohannis is to hold consultations with the parliamentary parties on nominating a candidate for the prime minister job on Sunday, December 22, the Presidential Administration announced. The president, whose mandate has been extended after the
Step into 2025 with music, excitement, and unforgettable performances! New Year’s Eve at JW Marriott Bucharest Grand Hotel is not just a celebration – it’s a grand spectacle where world-class entertainment, live music, and vibrant energy come together for a night to remember. This year, we’ve curated a sensational lineup of artists and performers to […]
The Bucharest Police recently announced that the city will host several commemorative ceremonies marking 35 years since the Romanian Revolution of December 1989, causing traffic restrictions around the city. The restrictions will be in place from Friday to Sunday, December 20-22, 2024. On Friday, December 20, at around 10:00 AM, a religious/military ceremony with wreath-laying […]
Alex Florența, the General Prosecutor of Romania, said on Friday, December 20, that harsher punishments are needed to combat incitement to violence and Legionnaire propaganda (related to Mișcarea Legionară, a Romanian interwar fascist movement) in public spaces effectively. To that end, the office of the General Prosecutor will propose new measures to combat such phenomena. However, […]
Dennis Lloyd, Inna, Damian & Brothers, and Killa Fonic are among the artists who will perform at Flight Festival 2025. The festival is scheduled to take place between June 20 and June 22 at Timișoara’s Banat Village Museum. For three days, the venue “will open its doors for an experience that combines music, nature, and […]
Around 67% of Romanians believe that the economic situation will worsen, 7% higher than the previous year, according to the EY Consumer Index Romania 2024. Findings suggest a challenging start of 2025 both economically and politically in Romania. Additionally, in 2024, more than half of respondents (59%) were extremely concerned about conflicts and external wars. […]
