Romanian lender Banca Transilvania recently ended its EUR 30 million bonds issuance, which was fully subscribed. This is the bank’s second bonds issuance, with the first launched in 2005.This latest issuance was structured on three layers, with the full amount first offered to the bank’s shareholders, and around 1,000 investors, including the European Bank for Reconstruction and Development (EBRD) and the International Financial Corporation IFC, which bought into the offer. The amounts after this first stage were then divided between the IFC – with EUR 18.9 million – and to the other qualified investors.
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