If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Wednesday, November 14, 2018 
Market Status: CLOSE
About us and Governance Investor Relations Contact
Advanced search

Market News


BANCA TRANSILVANIA S.A. - TLV

Closing of the private placement of bonds 2018

Release Date: 6/26/2018 2:52:01 PM

IRIS Code: 8A0DE

CURRENT REPORT in accordance with Law 24/2017 on issuers and market operations and FSA Regulation no. 5/2018 on issuers and market operations

Date: 26.06.2018

BANCA TRANSILVANIA S.A. CLUJ-NAPOCA

 

 

Headquarters:                                                                  Cluj-Napoca, 8 G. Baritiu Street

Telephone/fax number:                                               0264/407150/407179

Registry of Commerce registration number:     J12/4155/1993

Individual identification number:                          5022670

Subscribed and paid-up capital:                              RON 4,341,439,404

Legal Stock Market:                                                       Bucharest Stock Exchange

 

1.      Important events to report:

a)     Change of control of the company – not applicable.

b)     Acquisition or substantial transaction of assets – not applicable.

c)      Insolvency procedure – not applicable.

d)     Other events: Successful closing of the private placement of EUR-denominated EURIBOR6M+3.75% per annum unsecured Tier 2 Capital subordinated bonds due 2028 , with an aggregate nominal value of EUR 285,000,000

The Company hereby informs the investors that private placements of EUR-denominated EURIBOR6M+3.75% per annum unsecured Tier 2 Capital subordinated bonds due 2028 and with an aggregate nominal value of up to EUR 285,000,000, has been succesful closed on June 26, 2018.

The main elements of the Bonds issuance are the following:

  1. Maximum number of Bonds: 2,850;
  2. Nominal value: EUR 100,000/Bond;
  3. Aggregate nominal value: EUR 285,000,000;
  4. Subscription period: 21-26 June 2018;
  5. Subscription price: 100% of the nominal value, respectively EUR 100,000/Bond;
  6. Total number of validly subscribed bonds : 2.850
  7. The percentage of validly subscribed bonds of the total offered bonds: 100%
  8. Annual interest rate: EURIBOR6M + 3.75%
  9. Allocation date: 26 June 2018;
  10. Transaction date: 26 June 2018;
  11. Settlement date: 28 June 2018;

 

Trading on the regulated market of the Bucharest Stock Exchange is expected to commence about the date of 5 July, under the ISIN code ROTLVADBC023 and the symbol TLV28E.

The Bonds have not been and will not be offered to the public in Romania. The Bonds have been made available for subscription via private placement to a limited number of Eligible Investors, as such term is defined in the prospectus for the admission of Bonds to the Regulated Spot Market of the Bucharest Stock Exchange, approved by the Decision of the Romanian Financial Supervisory Authority no. 751 of 20 June 2018. This approval applied on the prospectus does not constitute a guarantee or any kind of assessment by the Romanian Financial Supervisory Authority with regard to the opportunity, the advantages or disadvantages, the profit or risks involved in the transactions concluded by accepting the offering, object of the approval decision. The approval certifies only the conformity of the prospectus with the legal requirements and the rules adopted for the application thereof.

The Bonds have not been, and will not be, registered under the U.S. Securities Act (the “Securities Act”). The Bonds may not be offered or sold within the United States or to U.S. persons (as these terms are defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act. No public offering of securities will take place within the United States.

 

CHIEF EXECUTIVE OFFICER                       CHIEF GOVERNANCE OFFICER

OMER TETIK                                                        IOANA OLANESCU

 



 Print

Information provided by IRIS, the news platform of the Bucharest Stock Exchange.

______________________

Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


©2016 Bucharest Stock Exchange. All rights reserved