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Wolf Theiss advises Banca Comercială Română S.A. On its inaugural ron 500 million Senior Preferred Green Notes due 2028

Wolf Theiss acted as legal advisor to Banca Comercială Română S.A. in relation to its inaugural issue of the RON 500 million 5.00 per cent Senior Preferred Green Notes due 2028 under its Multi Issuer EMTN Programme

On 14 October 2021, Banca Comercială Română S.A. has successfully closed its first issue of Senior Preferred Green Notes in amount of RON 500 million. The notes have a maturity of seven years and were placed with professional clients and eligible counterparties with a coupon of 5.00 per cent. per annum. The denomination is RON 500,000 per note. The notes are intended to be eligible for MREL (Minimum Requirement for Own Funds and Eligible Liabilities) purposes, based on the confirmation of the National Bank of Romania. It is expected that the Notes are listed on the Regulated Market of the Bucharest Stock Exchange and the Official Market of the Vienna Stock Exchange.

Under the lead of Partners Claus Schneider and Claudia Chiper, the Wolf Theiss’ international Debt Capital Market (DCM) team involved in this project included Senior Associate Nikolaus Dinhof-Renezeder and Associates Andreea Tudorache and Sebastian Prakljacic.

Andreea Tudorache, Associate Banking & Finance and Capital Markets, on the transaction: “We are very pleased to have been involved in Banca Comercială Română S.A.‘s first green notes issue, as part of its strategy on implementing Environmental, Social, and Governance (ESG) criteria in its business with an aim to build a sustainable economic development, encourage environmentally responsible behaviour and reduce social inequities. We are thankful for the trust they have placed in us and express this way our entire appreciation for the entire team at Banca Comercială Română for the great collaboration we had on this very successful trade.”

ABOUT WOLF THEISS

Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 340 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. Combining expertise in law and business, Wolf Theiss develops innovative solutions that integrate legal, financial and business know-how.

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