Banca Transilvania - Convertible Bond



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

10 Jul 2012



PSD disclosed:

14 May 2013

Translated version of this version: Romanian

Project Description

The EBRD has subscribed EUR 4.4 million in the subordinated unsecured convertible bond issue of Banca Transilvania by exercising its pre-emptive rights. EBRD’s subscription was calculated pro-rata to its shareholding in the issuer.

The proceeds are envisaged to help strengthen Banca Transilvania’s capital base.

Transition Impact

Transition impact potential derives from supporting Banca Transilvania’s subordinated unsecured convertible bond issue which will demonstrate a new way of financing activities for the Romanian banks, as bond issuances, apart from the sovereign ones, have been limited in Romania.

The Client

Banca Transilvania is the third largest bank in the Romanian banking system with a market share of 8.1%. EBRD is the single largest shareholder in the bank with a 14.6% stake.

Banca Transilvania is listed on the Bucharest Stock Exchange. It is rated BB- (with stable outlook) by Fitch.

EBRD Finance

EUR 4.4 million.

Project Cost

Up to EUR 30 million.

Environmental Impact

Categorised FI. Banca Transilvania will be required to continue to comply with the EBRD's Performance Requirements 2 & 9 and the EBRD’s Environmental and Social Procedures for Corporate Lending. This will include adherence to the EBRD's Environmental and Social Exclusion Lists and submission of annual environmental and social reports to the Bank.

Technical Cooperation


Company Contact

Banca Transilvania
Cluj-Napoca, George Baritiu Street, no. 8

Contact: Ms. Mihaela Nadasan – Executive Director, Head of FI & International Relations
Phone: +40 264 301 107
Fax: +40 264 407 179


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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