Filip & Company, working with Freshfields, has advised Banca Transilvania on its sustainable bond issue valued at RON 1.5 billion. Clifford Chance advised the banks involved.
According to Filip & Company, this transaction marks the largest sustainable bond issue in RON by a Romanian financial institution in a single placement. The issue involved senior unsecured bonds with a seven-year maturity, an early redemption option after six years, and a coupon rate of 8.875%, with a minimum subscription threshold of RON 600,000.
The Filip & Company team included Managing Partner Alexandru Birsan, Partner Olga Nita, Senior Associate Anca Badescu, and Associates Bianca Gheorghe and Raluca Bita.
The Clifford Chance team included Bucharest-based Partner Radu Ropota and Associate Cosmin Mitrica, as well as further lawyers in London.
