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Filip & Company and Clifford Chance Advise on Banca Transilvania's RON 1.5 Billion Bond Issuance

Romania
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Filip & Company, working with Freshfields, has advised Banca Transilvania on its sustainable bond issue valued at RON 1.5 billion. Clifford Chance advised the banks involved.

According to Filip & Company, this transaction marks the largest sustainable bond issue in RON by a Romanian financial institution in a single placement. The issue involved senior unsecured bonds with a seven-year maturity, an early redemption option after six years, and a coupon rate of 8.875%, with a minimum subscription threshold of RON 600,000.

The Filip & Company team included Managing Partner Alexandru Birsan, Partner Olga Nita, Senior Associate Anca Badescu, and Associates Bianca Gheorghe and Raluca Bita.

The Clifford Chance team included Bucharest-based Partner Radu Ropota and Associate Cosmin Mitrica, as well as further lawyers in London.