Clifford Chance advises the consortium of investment banks in connection with the EUR 500 million AT1 bond issue launched by Banca Transilvania on international markets

A multijurisdictional Clifford Chance team from London and Bucharest has advised the consortium of investment banks in connection with the EUR 500 million AT1 bond issue launched by Banca Transilvania S.A. on international markets, its first ever such issuance and the largest in Central and Eastern Europe.

The issue, which consists of additional Tier 1 fixed rate resettable capital securities with no fixed maturity date, will be listed on the Euronext Dublin stock exchange. The successful transaction strengthens Banca Transilvania’s reputation as a leading Romanian issuer and attractive participant in the international capital markets.

The legal team was coordinated by Partners Kate Vyvyan, Matteo Sbraga, and Radu Ropotă, with support from Senior Associate Russell Harris and Associate Cosmin Mitrică.