Filip & Company assists Banca Transilvania in the launch of a €1.5 billion bond programme, which attracts €500 million in first sustainable bond issue

Filip & Company assisted Banca Transilvania with the launch of a bond programme totalling EUR 1.5 billion and with the first sustainable bond issue under this programme, through which Banca Transilvania raised EUR 500 million from international markets. This is the first sustainable bond issue with a social component (minimum 50%) and a green component, and the bonds are admitted to trading on Euronext Dublin.

The bond sale was coordinated by arrangers JP Morgan SE, Citigroup Global Markets Europe AG, ING Bank N.V (which also acted as sole sustainability advisor), and BT Capital Partners was co-manager.

“Banca Transilvania has quickly become one of the favourite Romanian issuers in the international capital markets and these new operations consolidate their work results of the last years and prove the major interest of investors for this issuer’s products. Also, the opening towards sustainable products responds to market demand, but is also a natural continuation of the bank’s tradition in supporting sustainable projects, reflecting a solid vision towards a greener economic model. We are glad to have had the opportunity to partner again with Banca Transilvania and thank them for their confidence in this important project and for the excellent cooperation,” said Alexandru Bîrsan, partner at Filip & Company.

The Filip & Company team that assisted Banca Transilvania on this project consisted mainly of Alexandru Bîrsan (partner), Olga Niță (partner), Anca Bădescu (associate),Bianca Gheorghe (associate) and Raluca Biță (associate).

Over the last years, Filip & Company was successfully involved in many benchmark transactions on the Romanian capital market, whether they were share or bond offers, as well as in all the bond issues of the Romanian State on the external markets. The Filip & Company lawyers are ranked first in the most prestigious international directories – Chambers and Partners, Legal 500 and IFLR in the Capital Markets practice, both as a team as well as individually, and Alexandru Bîrsan is included in the Legal 500’s “Hall of fame” for this practice area.