BANCI | ENGLISH

UniCredit Tiriac Bank issued 5-year bonds worth 500 million RON, with an interest rate of 6% per year

Autor: Bancherul.ro
2013-06-14 08:55

UniCredit Tiriac Bank said that during 6/14/2013, 9:00 - 21/06/2013, 13:00 will issue bonds of 500 million RON, with a maturity of 5 years, with a minimum interest rate of 6% per year. The initial offering is 50,000 bonds, each with a nominal value of RON 10,000. The minimum subscription is 50 units.

Here is the bank press release:

The Financial Supervisory Authority (FSA) has approved, by decision no A110/13.06.2013, the initial selling offer of corporate bonds issued by UniCredit Tiriac Bank, targeting RON 500M.

Thus the bank is issuing corporative bonds in RON, senior, unsecured, with 5 year maturity, due in 2018, denominated in dematerialized form.

The initial offering is 50.000 bonds, each amounting to RON 10.000. Should the subscription exceed this number/, UniCredit Tiriac Bank may increase the number of bonds to a maximum of 70.000 units. The minimum subscription amount is 50 units.

The offer will be considered successfully completed if minimum 70% of the target amount is subscribed.

The offer will be declared open on 14.06.2013, at 9:00 am and will be declared closed on 21.06.2013, 1:00 pm.

The subscriptions will be registered exclusively by the issuance intermediary, SSIF BROKER, with its headquarters located at 16 Splaiul Unirii, 8th floor, rooms 802-804, Sector 4, Bucharest, between 09:00 – 17:00, EET, on every working day of the offering period, except for the last day of the offer, when subscriptions can only be registered between 09:00 - 13:00 EET.

„We are firmly confident in the success of our bond issuance, considering the early discussions we have had with institutional investors both local and international and their positive reactions. This bond issuance is an important element in our long term strategy to diversify our financing sources, and the terms of the issuance were carefully selected after a detailed monitoring and projection of the market conditions. Through this initiative, we reaffirm our strong long-term commitment to Romania and to the development of the local capital market”, said Rasvan Radu, CEO / Executive President of UniCredit Tiriac Bank.

The coupon is of minimum 6% per year. The final coupon will be publicly announced no later than on the fourth business day of the offering opening, in accordance with the regulation in place. Coupon payments will be made on June 15th and December 15th each year, the bonds being due 15.06 2018.
The net funds resulting from the bond issue, after payment of commissions, fees and other charges, will be used for general funding purposes of the bank.

The issue will be registered for trading on the Bucharest Stock Exchange (BSE).

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%
•
Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income
•
Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter
•
Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits
•
On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii

Vezi toate stirile

10.11.2024

1 EUR = lei
1 USD = lei

Sursa BNR

Profil de Bancher

Gabriela Stanciu, Manager Departamentul Carduri
Credit Europe Bank

... vezi profil

Toate Profilele

Profil de Banca

CPBR

vezi detalii

Toate Bancile

Filmul Parking, un cliseu plictisitor

Toate stirile

ING Bank

Toate stirile

Ultimele Comentarii

Bancnote vechi
Numar de ... detalii
Bancnote vechi
Am 3 bancnote vechi:1-1000000lei;1-5000lei;1-100000;mai multe bancnote cu eclipsa de ... detalii
Schimbare numar telefon Raiffeisen
Puteti schimba numarul de telefon la Raiffeisen din aplicatia Smart Mobile/Raiffeisen Online, ... detalii
Vreau sa schimb nr de telefon
Cum pot schimba nr.de telefon ... detalii
Eroare aplicație
Am avut ora și data din setările telefonului date pe manual și nu se deschidea BT Pay, în ... detalii

Nume	*
E-mail	*
E-mail prieten	*
Mesaj
Cod validare	*
	Tastati codul din imagine (doar cifre)
	195.154.184.126