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Romania's Banca Transilvania hikes capital through bond conversion

Author Mario Tanev
Romania's Banca Transilvania hikes capital through bond conversion Banca Transilvania

BUCHAREST (Romania), January 21 (SeeNews) - Romania's Banca Transilvania (BT) [BSE:TLV] said that it has increased its capital by issuing 172,665 new shares as a result of the conversion of 137,870 of the lender's bonds, as requested by their holders.

Banca Transilvania increased its capital by 172,665 lei ($39,653/36,332 euro) to some 5.216 billion lei as a result of the bond conversion, the lender said in a bourse filing on Monday.

The price for the bond-to-share conversion is 2.2648 lei per share.

The capital increase has not been registered by the central depository.

As at 8:20 CET on Tuesday, Banca Transilvania shares traded 0.19% lower at 2.625 lei on the Bucharest Stock Exchange.

(1 euro = 4.75 lei)

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