Romania's Banca Transilvania to issue 1 bln euro bonds in next ten years

The bonds will be directed towards local and international institutional investors and will support the bank's fulfilment of the Minimum Requirement for Own Funds and Eligible Liabilities (MREL), Banca Transilvania said in a report filed with the Bucharest Stock Exchange on Tuesday.

The bonds will also support financing the economy and the general population, the bank added.

Banca Transilvania is Romania's largest bank, having a market share of approximately 19% and 3.7 million customers. The bank currently employs some 9,200 people.

Its shares traded 0.11% higher at 17.5 lei by 1027 CET on Wednesday on the Bucharest Stock Exchange.

($=1.0168 euro)