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

RECOMMENDED
Romanias Fidelis bonds attract over €260 million in November
Finance

Romania's Fidelis bonds attract over €260 million in November

Romania's tenth Fidelis government bond issuance of 2025 attracted subscriptions worth over RON 1.3 billion lei (€260 million) during its seven-day offering period from November 7-14, demonstrating continued strong investor interest in this savings instrument.

RECOMMENDED FROM THE HOME PAGE
Electrica secures grid permits for 700 MWh of storage
Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.