Clifford Chance has advised a consortium of investment banks on Banca Transilvania’s EUR 500 million additional tier 1 bond issuance. Filip & Company, working with Freshfields, advised Banca Transilvania.
According to Clifford Chance, the issuance consists of fixed-rate resettable perpetual capital securities, which will be listed on Euronext Dublin. The proceeds will be used by the issuer for general financing purposes and to support regulatory capital requirements in line with applicable banking rules.
The Clifford Chance team included Bucharest-based Partner Radu Ropota and Associate Cosmin Mitrica, as well as further lawyers in London.
The Filip & Company team included Managing Partner Alexandru Birsan, Partner Olga Nita, Senior Associate Anca Badescu, and Associate Bianca Gheorge.
