Bucharest Stock Exchange (BVB) informs that, on Tuesday, February 26th, the first EUR denominated bonds issued by Idea::Bank, under the ticker IDB24E, will start trading on BVB’s Alternative Trading System.
The issue comprises 5,000 bonds, non-guaranteed, inconvertible, EUR denominated, with a nominal value of EUR 1,000, a maturity of 6 years, and a total value of EUR 5mn. The yearly interest rate is fixed at 8.5%p.a., payable half-yearly. The bonds will reach maturity on December 18th, 2024.
The admision to trading was made by BT Capital Partners as Authorized Advisor.
Idea::Bank (formerly Romanian International Bank) was taken over in 2014 by Getin Holding, one of the largest Polish financial groups. Idea Bank Group Romania consists of Idea::Bank (the bank) and its subsidiaries Idea Leasing, Idea Insurance Broker, Idea Investment and Idea Finance IFN. The products and services are intended for both individuals and SMEs, focusing on the development of new technologies (internet and digital banking) and having a selective territorial spread, operating with 34 branches and 8 leasing locations at national level.