Clifford Chance and Filip & Company Advise Banca Transilvania on EUR 500 Million AT1 Bond Issue

"Clifford Chance advised a consortium of investment banks and Filip & Company, together with Freshfields, advised Banca Transilvania on a EUR 500 million additional tier 1 (AT1) bond issuance. The securities are fixed-rate resettable perpetual capital instruments to be listed on Euronext Dublin; proceeds will be used for general financing and to support regulatory capital requirements."

Clifford Chance advised a consortium of investment banks, while Filip & Company, together with Freshfields, advised Banca Transilvania. The transaction concerns Banca Transilvania’s issuance of EUR 500 million in additional tier 1 (AT1) capital. The securities issued are fixed-rate resettable perpetual capital instruments and are to be listed on Euronext Dublin. The issuer will use the proceeds for general financing purposes and to support regulatory capital requirements in accordance with applicable banking rules. Clifford Chance represented the consortium of investment banks with a team composed by: Bucharest-based Partner Radu Ropota; Associate Cosmin Mitrica; and further lawyers in London. Filip & Company represented Banca Transilvania, together with Freshfields, with a team composed by: Managing Partner Alexandru Birsan; Partner Olga Nita; Senior Associate Anca Badescu; and Associate Bianca Gheorge.

Clifford Chance and Filip & Company Advise Banca Transilvania on EUR 500 Million AT1 Bond Issue

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