Banca Comercială Română (BCR) launches a RON 1 billion senior non-preferred bonds issuance

In the last three years, BCR has issued bonds worth approximately RON 8 billion, being one of the main active issuers on the Bucharest Stock Exchange. The cumulative value of the 10 bond issuances listed by BCR on the BSE is RON 8.6 billion.

BCR’s new bond issue proved successful from the outset, as the order book registered was filled in the first three hours after its opening with the minimum issue size of RON 500 million. After another few hours, the order book was significantly oversubscribed, leading to the decision to close the offer early and increasing the value of the issue to RON 1 billion.

With this issuance, BCR took another step forward towards the compliance with the EU regulations on the minimum capacity that banks must have in order to absorb the losses, the Minimum Requirements of own funds and Eligible Liabilities (MREL) and MREL guidelines in line with targeted resolution strategy.