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June 30, 2022
BUSINESS BUSINESS COMPANIES ECONOMY

CMS advised Libra Internet Bank on EUR 40m bond issue

International law firm CMS has advised Libra Internet Bank on a EUR 40m bond issue. The bonds have a nominal value of EUR 100,000, with a 7-year maturity, on 28 September 2028, and a fixed coupon rate of 4.25% per year. The bonds are listed on the Bucharest Stock Exchange from 3 December 2021.

This successful project represents a new stage in the evolution of the issuer, and of this type of bond, and is very important for credit institutions and for diversifying the type of instruments admitted to the capital market.

The private placement was carried out by Raiffeisen Bank, as global coordinator and manager, and Alpha Bank Romania, as manager, and the listing of the bonds on the Bucharest Stock Exchange was done with the support of Alpha Bank Romania. The CMS team assisted Libra Internet Bank on all legal aspects of the bond issue.

CMS Bucharest’s capital markets team is one of the most experienced in Romania and is top-ranked by prestigious international publications Chambers and Partners, The Legal 500 and IFLR1000. CMS Romania’s capital markets practice is coordinated by Cristina Reichmann (partner) and includes lawyers experienced in both domestic and international financial and capital markets transactions.

The multidisciplinary CMS team that assisted Libra Internet Bank on this project included Adina Nănescu, Diana Rotaru, Mircea Ciută, Tudor Năftică, Loredana Barbu (Finance); Claudia Popescu, Elena Andrei, Cătălin Vasile (Corporate M&A); Valentina Pârvu, Anna Morogai, Tatiana Casapciuc (Commercial); and Alexandru Dumitrescu (Real Estate), as well as other lawyers from CMS Romania.

 

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