Wolf Theiss acted as legal advisor to Banca Comercială Română S.A. in relation to its inaugural issue of the RON 500 million 5.00 per cent Senior Preferred Green Notes due in 2028 under its Multi Issuer EMTN Programme.
On 14 October 2021, Banca Comercială Română S.A. successfully closed its first issue of Senior Preferred Green Notes in the amount of RON 500 million. The notes have a maturity of seven years and were placed with professional clients and eligible counterparties with a coupon of 5.00 per cent. per annum. The denomination is RON 500,000 per note. The notes are intended to be eligible for MREL (Minimum Requirement for Own Funds and Eligible Liabilities) purposes, based on the confirmation of the National Bank of Romania. It is expected that the Notes are listed on the Regulated Market of the Bucharest Stock Exchange and the Official Market of the Vienna Stock Exchange.
Under the lead of Partners Claus Schneider and Claudia Chiper, Wolf Theiss’ international Debt Capital Market (DCM) team involved in this project included Senior Associate Nikolaus Dinhof-Renezeder and Associates Andreea Tudorache and Sebastian Prakljacic.
“We are very pleased to have been involved in Banca Comercială Română S.A.’s first green notes issue, as part of its strategy to implement Environmental, Social, and Governance (ESG) criteria in its business with an aim to build sustainable economic development, encourage environmentally responsible behaviour and reduce social inequities. We are thankful for the trust they have placed in us and would like to express our appreciation to the entire team at Banca Comercială Română for the great collaboration we had on this very successful trade”, stated Andreea Tudorache, Wolf Theiss Associate in Banking & Finance and Capital Markets.