Market News


Closing of the private placement of bonds 2018

Release Date: 6/26/2018 2:52:01 PM

IRIS Code: 8A0DE

CURRENT REPORT in accordance with Law 24/2017 on issuers and market operations and FSA Regulation no. 5/2018 on issuers and market operations

Date: 26.06.2018




Headquarters:                                                                  Cluj-Napoca, 8 G. Baritiu Street

Telephone/fax number:                                               0264/407150/407179

Registry of Commerce registration number:     J12/4155/1993

Individual identification number:                          5022670

Subscribed and paid-up capital:                              RON 4,341,439,404

Legal Stock Market:                                                       Bucharest Stock Exchange


1.      Important events to report:

a)     Change of control of the company – not applicable.

b)     Acquisition or substantial transaction of assets – not applicable.

c)      Insolvency procedure – not applicable.

d)     Other events: Successful closing of the private placement of EUR-denominated EURIBOR6M+3.75% per annum unsecured Tier 2 Capital subordinated bonds due 2028 , with an aggregate nominal value of EUR 285,000,000

The Company hereby informs the investors that private placements of EUR-denominated EURIBOR6M+3.75% per annum unsecured Tier 2 Capital subordinated bonds due 2028 and with an aggregate nominal value of up to EUR 285,000,000, has been succesful closed on June 26, 2018.

The main elements of the Bonds issuance are the following:

  1. Maximum number of Bonds: 2,850;
  2. Nominal value: EUR 100,000/Bond;
  3. Aggregate nominal value: EUR 285,000,000;
  4. Subscription period: 21-26 June 2018;
  5. Subscription price: 100% of the nominal value, respectively EUR 100,000/Bond;
  6. Total number of validly subscribed bonds : 2.850
  7. The percentage of validly subscribed bonds of the total offered bonds: 100%
  8. Annual interest rate: EURIBOR6M + 3.75%
  9. Allocation date: 26 June 2018;
  10. Transaction date: 26 June 2018;
  11. Settlement date: 28 June 2018;


Trading on the regulated market of the Bucharest Stock Exchange is expected to commence about the date of 5 July, under the ISIN code ROTLVADBC023 and the symbol TLV28E.

The Bonds have not been and will not be offered to the public in Romania. The Bonds have been made available for subscription via private placement to a limited number of Eligible Investors, as such term is defined in the prospectus for the admission of Bonds to the Regulated Spot Market of the Bucharest Stock Exchange, approved by the Decision of the Romanian Financial Supervisory Authority no. 751 of 20 June 2018. This approval applied on the prospectus does not constitute a guarantee or any kind of assessment by the Romanian Financial Supervisory Authority with regard to the opportunity, the advantages or disadvantages, the profit or risks involved in the transactions concluded by accepting the offering, object of the approval decision. The approval certifies only the conformity of the prospectus with the legal requirements and the rules adopted for the application thereof.

The Bonds have not been, and will not be, registered under the U.S. Securities Act (the “Securities Act”). The Bonds may not be offered or sold within the United States or to U.S. persons (as these terms are defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act. No public offering of securities will take place within the United States.



OMER TETIK                                                        IOANA OLANESCU



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