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București
miercuri, 16 iunie 2021 - 13:03

BCR listed the largest bond issue on BVB, worth RON 1 billion

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Banca Comercială Română (BCR) listed the largest bond issue on Bucharest Stock Exchange (BVB) on Monday worth RON 1 billion (€ 203 million) under the ticker BCR28.

The bonds have a 7-year maturity and an annual interest rate of 3.9%. The issue includes 2,000 bonds, with a nominal value of RON 500,000, according to a press release. 

The bond issue was assigned a BBB+ rating by Fitch.

“The two bond issues in RON with RON 1.6bn total value, successfully completed by the BCR team, are examples of our commitment to contribute to the development of the capital market in Romania,” said CEO of Banca Comerciala Romana, Sergiu Manea.

In December 2019, BCR’s first bond issue was listed on BVB and the issue was worth RON 600 million, the largest at the time.

“The value of BCR bond issue demonstrates, the ability of the capital market and investors to finance the local economy. BCR exceeds its own record, set a year and a half ago here, on Bucharest Stock Exchange,” said President of the Bucharest Stock Exchange, Radu Hanga.