Clifford Chance Advises Consortium of Banks on Banca Transilvania EUR 500 Million AT1 Issuance

"Clifford Chance advised the consortium of investment banks on Banca Transilvania's EUR 500 million additional Tier 1 (AT1) bond issuance. The fixed rate resettable securities, with no fixed maturity, were listed on Euronext Dublin. This was Banca Transilvania's first such issuance and the largest AT1 transaction in Central and Eastern Europe."

Clifford Chance advised the consortium of investment banks in connection with Banca Transilvania S.A.'s EUR 500 million AT1 bond issue launched on international markets. The transaction comprised additional Tier 1 fixed rate resettable capital securities with no fixed maturity date. The securities will be listed on the Euronext Dublin stock exchange. The successful placement represents Banca Transilvania's first issuance of this kind and is the largest AT1 issuance in Central and Eastern Europe, further strengthening the bank's profile as a leading Romanian issuer and an attractive participant in international capital markets. Clifford Chance represented the consortium of investment banks in connection with the transaction, with a multijurisdictional team from London and Bucharest composed of: Partners Kate Vyvyan, Matteo Sbraga and Radu Ropotă, supported by Senior Associate Russell Harris and Associate Cosmin Mitrică.

Clifford Chance Advises Consortium of Banks on Banca Transilvania EUR 500 Million AT1 Issuance

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