Strong investor demand allowed the initial indicative price of 6% to fall by 37.5 basis points to a final price of 5.625%, while the peak value of orders placed reached more than €800 million.
The euro-denominated bonds were issued under CEC Bank's €1.5 billion MTN Program, approved by the Commission de Surveillance de Secteur Financiere (CSSF) Luxembourg, following the update of the base prospectus on November 18, 2024.
It will apply for admission to trading on the Luxembourg Stock Exchange and the Bucharest Stock Exchange. CEC Bank has mandated Erste Group Bank A.G. and ING Bank N.V. as Joint Bookrunners and Co-Arrangers of the bond issue, while BT Capital Partners acted as Co-Manager. Dentons acted as legal advisor to CEC Bank, while Erste Group Bank A.G. and ING Bank N.V. were advised by Clifford Chance, through their offices in Bucharest and Frankfurt.
CEC Bank is the longest established financial institution in Romania. Founded in 1864, CEC Bank currently has the most extensive national network, with more than 1,000 branches and territorial units and assets of RON 93.23 billion at the end of H1 2024.
CEC Bank is a leading universal bank on the Romanian market and offers a full range of products and services to individuals, SMEs and large corporates through multiple distribution channels: banking units, ATM and POS networks, mobile banking (CEC app) and the CEC_IN virtual store - where banking products and services can be accessed 100% online.
