BCR Lists Second €500M Eurobond on Bucharest Stock Exchange

Banca Comerciala Romana (BCR) listed on December 23 a new Eurobond issue on the Main Market of the Bucharest Stock Exchange (BVB), worth EUR 500 million. The bonds were listed on the Bucharest Stock Exchange under the ticker symbol BCR31E and have a maturity of 6 years. This is BCR’s second bond issuance this year and the 12th issuance listed by the company over time.   The BCR31E corporate bonds, totaling 5,000 units, have a nominal value of EUR 100,000, a fixed interest rate of 4.00% per annum for the first five years, and for the final year the interest rate is payable quarterly, 3M EURIBOR + 1.65% per annum. The bonds will mature on November 25, 2031.   The bonds are part of the EMTN (Euro Medium Term Notes) program, which allows the company to access international capital markets for financing. The bonds were previously admitted to trading on the Regulated Market of the Vienna Stock Exchange.   “Banca Comerciala Romana concludes the series of listings of this exceptional year on the stock market by launching a new bond issue on the Regulated Market of the Bucharest Stock Exchange. With more than RON 12 billion raised in the last years through bond issuances, BCR reaffirms the important role that the capital market plays in the financing strategy of banking institutions in Romania. The success of the current bond issuance also demonstrates the trust of foreign institutional investors and the visibility the company has built among them. BCR remains one of the issuers that effectively leverage capital market mechanisms and, as a reference intermediary on the BVB, contributes to the development of the stock exchange market. We hope that the New Year will bring us multiple occasions to celebrate BCR’s achievements on the Exchange, as well as those of issuers, intermediaries, and other market participants”, stated Remus Vulpescu, CEO of the Bucharest Stock Exchange.   “The listing of BCR’s second Eurobond issuance on the Bucharest Stock Exchange is an important step in connecting international capital with the local economy and reaffirms our commitment to supporting the development of Romania’s capital market. The strong investor interest in this issuance and the competitive terms achieved confirm BCR’s ability to efficiently access international capital markets and to strengthen its position as a credible issuer. By also listing the bonds on the BSE, we facilitate local investors’ access to euro-denominated instruments and contribute to financing the real economy, with investments in Romania remaining a strategic priority for us”, said Sergiu Manea, CEO of Banca Comerciala Romana.   The bond issue listed today on the stock exchange is the 12th issue listed by BCR on the BVB. The first bond issue by BCR has matured, with a total of 11 corporate issues currently being traded. The bank’s second bond issue, worth RON 600 million, has been trading since December 2019 under ticker symbol BCR26. In 2021, BCR listed another three bond issues, of which one was green bonds — BCR28, BCR28A, and BCR28B. In 2022, BCR listed three bond issues on the Regulated Market of Bucharest Stock Exchange, of which the first and the third were corporate bonds, BCR27 and BCR28C, while the second was a green bond issue, BCR27A. In 2023, BCR listed two bond issues: in May, it listed the BCR27E green Eurobond issue, marking the bank’s debut on the international capital markets, and in December, the BCR29 bond issue, worth RON 1 billion, was admitted to trading. Added to these are the bonds listed this year, BCR31, worth RON 1.12 billion, and BCR31E, worth EUR 500 million, reaching now a total value of RON 12.42 billion.