Banca Comercială Română (BCR) has successfully completed a new local bond issue worth 1.125 billion lei, achieving the lowest spread recorded by a Romanian bank in recent years for senior non-preferred bonds. The transaction highlights strong investor confidence in BCR’s performance and the resilience of the Romanian economy.

Investor demand significantly exceeded the offered amount, prompting the bank to increase the issue’s size. Orders totaling over 750 million lei were registered within hours of opening, rising to over 1.2 billion lei by the end of the first bookbuilding day. The strong demand enabled BCR to set a margin of 85 basis points, below the initial guidance range of 90–100 basis points.

The issued bonds are senior non-preferred instruments with a six-year maturity and a call option after five years, in November 2030. They will be listed on the Bucharest Stock Exchange and carry ratings of Baa2 from Moody’s and BBB+ from Fitch, consistent with the Multi Issuer Bond Programme ratings.

“In a period when markets are paying close attention to stability and consistency, we are pleased to see the confidence investors have in BCR’s ability to deliver performance and support the development of the local economy,” said Sergiu Manea, CEO of Banca Comercială Română.

Through this transaction, BCR continues to align with the EU’s requirements on own funds and eligible liabilities (MREL) and strengthens its position as a key stability pillar in the Romanian and regional banking system. Since launching its first bond program, the bank has raised over 9.8 billion lei in total financing, actively supporting the growth of the local capital market.