Filip & Company has advised Banca Transilvania on a EUR 700 million sustainable bond issuance with J.P. Morgan, Morgan Stanley, Nomura, and ING Bank as the arrangers, ING Bank as the ESG advisor, and BT Capital Partners as co-manager. Clifford Chance advised the banks.
The bonds mature in 2030, will be listed on the Dublin Stock Exchange, and are eligible for the minimum own funds requirement and eligible liabilities.
Earlier this year, Filip & Company advised on Banca Transilvania's synthetic securitization deal with EIB and the EIF (as reported by CEE Legal Matters on July 10, 2024), on its acquisition of BRD Pensions (as reported by CEE Legal Matters on June 3, 2024), and on its acquisition of OTP Bank Romania and its subsidiaries (as reported by CEE Legal Matters on February 21, 2024). In 2023, the firm advised BT on its new EUR 1.5 billion bond program and EUR 500 million sustainable bond issuance (as reported on December 15, 2023) as well as on its two earlier issuances that same year, under its earlier EUR 1 billion bond program: a EUR 500 million bond issuance in April (as reported by CEE Legal Matters on May 3, 2023) and a EUR 200 million bond issuance in July (as reported by CEE Legal Matters on July 21, 2023).
The Filip & Company team included Partners Alexandru Birsan and Olga Nita, Senior Associates Roxana Diaconu and Mihnea Niculescu, and Associates Anca Badescu, Bianca Gheorghe, Raluca Bita, and Georgiana Lazar.
The Clifford Chance team included Bucharest-based Partner Madalina Rachieru-Postolache, Of Counsel Radu Ropota, and Lawyer Martha Busuiocescu as well as further team members in London.
