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Oct 01, 2019 17:14 EEST
October 1 (SeeNews) - Romania's Banca Transilvania (BT) [BSE:TLV] said that it will increase 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 will increase 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.
As at 15:00 CET on Tuesday, Banca Transilvania shares traded at 2.40 lei, unchanged from their previous closing price on the Bucharest Stock Exchange.
(1 euro = 4.7525 lei)
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