PROJECT

Projects

Summary of Investment Information

Project Number

47831

Company Name

BANCA TRANSILVANIA SA

Date SPI Disclosed

Aug 2, 2023

Country

Romania

Region

Europe

Projected Board Date

May 25, 2023

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Aug 2, 2023

Department

Regional Industry - FIG - ECA

Industry

Financial Markets

Previous Events

Approved : May 25, 2023
Signed : Jun 23, 2023
Invested : Jun 29, 2023

Sector

Commercial Banking - General

Project Description

IFC is considering an investment of up to EUR100 million in a privately placed subordinated bond CRR compliant  (B3T2) of Banca Transilvania S.A. (BT or the Bank), the largest bank in Romania and IFC’s long-time partner, which will be listed on the Bucharest Stock Exchange (the “Bond”). The Bond will undergo closed subscription and be subscribed by IFC and investors mobilized by IFC. The IFC use of proceeds is residential mortgages, with at least 80% earmarked to green mortgages (the Project).                                                   

Associated Advisory Engagement

                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation