📋 Tender Overview
Project ID: 56472
Status: Signed
Location: Romania
Business Sector: Financial Institutions
Notice Type: Private
Environmental Category: FI
Approval Date: 25 Jun 2025
Disclosure date: 28 Jul 2025
Project Description
The EBRD invested RON 297.6 million (around EUR 59 million) in a senior non-preferred ("SNP") sustainability bond issuance of RON 1.5 billion (around EUR 296 million), placed by Banca Transilvania S.A. ("BT"), a commercial bank incorporated in Romania, on 26 June 2025. The bond has a 7-year maturity, with a call option after the sixth year, and has been listed on the Bucharest Stock Exchange. Proceeds of the sustainability bond will be used for eligible green and social projects, in line with BT's Sustainable Finance Framework.
Project Objectives
The Project promotes the development of an ambitious and robust Transition Plan in accordance with the Paris Alignment methodology, which is expected to advance the climate practices of BT, effectively contributing to Romania's climate transition priorities. Furthermore, the Project contributes to the resilience and compliance with MREL requirements of the largest systemic bank in Romania and supports capital market development by facilitating the issuance of bonds listed on the local stock exchange, including in local currency.
Transition Impact
The Project delivers transition impact through the Well-Governed quality, as it advances the climate practices of BT through the development of an ambitious and robust Transition Plan. The project also supports the Resilient quality since i) bonds issued under the Project will contribute towards enhancing the robustness of Romania's largest systemic bank against market and regulatory shocks, thereby ensuring continued credit flow to the real economy and facilitating financial intermediation, including for green projects and SMEs; and ii) it supports Romania's capital-market development by expanding the range and volume of instruments listed on the local exchange while mobilising and diversifying the investor base through international issuances.
