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Romania's Libra Internet Bank lists 40 mln euro bond on Bucharest bourse

Romania's Libra Internet Bank lists 40 mln euro bond on Bucharest bourse Libra bonds listing source: BVB

BUCHAREST (Romania), December 3 (SeeNews) - Romania's Libra Internet Bank has listed a 40 million euro ($45.3 million) bond issue on the Bucharest Stock Exchange (BVB), the bourse said on Friday.

The bonds are traded under the ticker LIBRA28E on the BVB's main market, the stock exchange said in a press release.

The bonds have a nominal value of 100,000 euro each, with a 7-year maturity and a fixed coupon rate of 4.25% per year.

"Our performance is perfectly reflected in the full success of this year's placement, followed by the second bond listing in the bank's history," noted Libra Internet Bank chairman of the board of directors, Radu Gratian Ghetea.

The listing came following a private placement carried out between September 22 and November 11, of 400 MREL eligible senior bonds, nominative, dematerialized, unsecured and non-convertible, denominated in Euro.

This is the bank's second ever corporate bond issue. Libra Internet Bank completed its first private bond issue ahead of schedule in March 2020, raising 4.29 million euro from investors.

Libra Internet Bank has a network of 55 branches in Romania, serving mostly customers with liberal professions, SMEs, as well as corporate and agribusiness clients.

The bank, a member of US-based investment group New Century Holdings since 2003, operates three IT centres in Romania - in Bucharest, Craiova and Cluj-Napoca.

($=0.8828 euro)

Libra Internet Bank SA is among the biggest banks in SEE, for more reference take a look at Top 100 banks
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