UniCredit Bank raises RON 480 million in oversubscribed bond issue

UniCredit Bank has successfully closed an oversubscribed bond issuance under its Euro Medium Term Note Programme, with investor enthusiasm pushing the total raised from an expected RON 400 million to RON 480 million. The bonds, which offer a fixed annual coupon of 7.82%, are set to mature on November 29, marking a significant step in diversifying the bank’s funding sources and bolstering its presence in Romania.

The successful bond issue, which ran from November 21 to today, has brought the cumulative program issuance to RON 968.5 million. This financial maneuver demonstrates UniCredit Bank’s commitment to enhancing the local market’s development and improving finance accessibility for its customers, as noted by CEO Mihaela Lupu. The newly issued bonds are expected to be listed on the Bucharest Stock Exchange, with Alpha Bank Romania S.A. acting as the transaction agent and Clifford Chance Badea providing legal support.

In line with its growth strategy in Romania, UniCredit Bank offers a subscription service priced at €50 per month, excluding VAT. This service provides subscribers with access to crucial information including reports, news, and statistics that could influence investment decisions and strategic partnerships within the Romanian economy. The insights provided can help subscribers assess market positions and the trustworthiness of potential partners. UniCredit Bank has made contact details available for those requiring further assistance with newsroom inquiries, marketing strategies, subscription services, and advertising opportunities.

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