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Romania s Patria Bank lists 8.2 mln euro bond issue on Bucharest bourse Patria Bank
BUCHAREST (Romania), December 15 (SeeNews) - Romania s Patria Bank [BSE:PBK] on Tuesday listed 8.2 million euro ($9.97 million) of subordinated bonds [PBK28E] on the regulated market of the Bucharest Stock Exchange (BVB), the bourse said.
The bonds are subordinated in order to be registered in the Level 2 Equity of Patria Bank, BVB said in a press release.
The strengthening of the capital base allows the bank to support and implement its strategy of organic growth of lending activity in compliance with the prudential solvency requirements, it added.
Investors subscribed for 16,374 bonds at a price of 500 euro apiece during September 28-30. The unsecured, non-convertible, subordinated and еuro-denominated bonds have a maturity of eight years and bear 6.5% interest rate.