BT shareholders approve bond program up to €2 billion

Business Forum
BT shareholders approved on Tuesday the distribution of additional dividends totaling RON 700 million (approximately €140 million) and the initiation of new corporate bond issuances with a cumulative ceiling of up to €2 billion.

The additional dividends, sourced from net profit reserves accumulated over previous years, follow the RON 1.59 billion (approximately €318 million) distributed earlier this year from the bank's 2024 net profit. 

Horia Ciorcilă, Chairman of BT's Board of Directors, said: "We remain committed to rewarding the trust of our shareholders and investors, reflecting the bank's strong financial performance and its capacity to generate sustainable long-term value. As for the new bond issuances, we view them as an effective means of diversifying the capital base, in a cost-effective manner, while strengthening BT's position as a reputable issuer on the international financial markets."

Shareholders will receive a gross dividend of RON 0.6420 per share. This corresponds to an approximate yield of 2.3% based on the current market price of BT shares.

The new corporate bond issuances, which may be denominated in RON, EUR, or other currencies, will be conducted over a period of up to five years. 

BT Capital Partners, the brokerage company of BT, will act as one of the intermediaries.

BT Group reported a net profit of RON 1.97 billion (approximately €394 million) H1 202

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