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Dentons Advises Raiffeisen Bank, BCR, and BRD on Bucharest's New RON 555 Million Bond Issuance

Dentons Advises Raiffeisen Bank, BCR, and BRD on Bucharest's New RON 555 Million Bond Issuance

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Dentons has advised a consortium of banks including Raiffeisen Bank Romania, BCR, and BRD on a new RON 555 million bond issuance by the City of Bucharest.

According to Raiffeisen Bank Romania, "the transaction, worth RON 555 million, was sold through a private placement to Romanian institutional investors and benefited from a significant interest from them." The bonds, with a maturity of seven years, were admitted to trading on the regulated market of the Bucharest Stock Exchange on April 28, 2023.

Dentons also advised the banks on Bucharest Municipality's previous RON 555 million private placement of bonds and their admission to trading on the Bucharest Stock Exchange on April 29, 2022 (as reported by CEE Legal Matters on May 9, 2022).

Editor's Note: After this article was published, Dentons informed CEE Legal Matters that its team included Partner Loredana Chitu, Counsel Maria Tomescu, Senior Associates Catalina Raca, Andrei Orbesteanu, and Simona Moisa, and Associates Alin Roca and Mirela Rusnac.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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