Wolf Theiss has advised Banca Comerciala Romana on its inaugural RON 500 million issuance of senior preferred green notes under its multi issuer EMTN Program.
The notes, with a denomination of RON 500,000, have a maturity of seven years and were placed with professional clients and eligible counterparties with an annual coupon of 5.00%. According to Wolf Theiss, the notes are intended to be eligible for Minimum Requirement for Own Funds and Eligible Liabilities (MREL) purposes and are expected to be listed on the Bucharest Stock Exchange Regulated Market and the Official Market of the Vienna Stock Exchange.
"We are very pleased to have been involved in Banca Comerciala Romana's first green notes issue," Wolf Theiss Associate Andreea Tudorache said, "as part of its strategy on implementing ESG criteria in its business with an aim to build sustainable economic development, encourage environmentally responsible behavior, and reduce social inequities."
The Wolf Theiss team was led by Partners Claus Schneider and Claudia Chiper and included Senior Associate Nikolaus Dinhof-Renezeder and Associates Andreea Tudorache and Sebastian Prakljacic.