UniCredit Tiriac Bank - Bond Issue

Location:

Romania

Project number:

45337

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

11 Jun 2013

Status:

Signed

PSD disclosed:

03 Jul 2013

Translated version of this PSD: Romanian

Project Description

The EBRD has subscribed RON 110 million in the local currency senior unsecured bond issue of UniCredit Tiriac Bank SA.

The proceeds are envisaged to be used for the general funding needs of UniCredit Tiriac Bank, which will include granting loans to customers.

Transition Impact

The transition impact potential derives from supporting the first local currency bond issue of a Romanian commercial bank since the onset of the crisis, which is envisaged to contribute to the development of the local capital market in Romania.

The Client

UniCredit Tiriac Bank is the sixth largest bank in the Romanian banking system with a market share of 6.5% by total assets as of March 2013.

EBRD Finance

RON 110 million.

Project Cost

RON 550 million.

Environmental Impact

Categorised FI. Compliance with the EBRD's Performance Requirements 2 and 9 and the EBRD’s Environmental and Social Procedures for Corporate Lending, including the EBRD's Environmental and Social Exclusion Lists and annual reporting.

Technical Cooperation

None.

Company Contact

UniCredit Tiriac Bank S.A.
Bd. Expozitiei 1 F, Sector 1, Bucharest, Romania
E-mail: office@unicredit.ro

Contact: Mr. Gabriel Tinta
Head of ALM
Phone: +40 21 200 10 70
Fax: +40 21 200 19 12
Email: gabriel.tinta@unicredit.ro

 

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