Filip & Company assisted the syndicate of BT Capital Partners, Alpha Bank and Raiffeisen Bank on the issuance of bonds by Cluj County in the amount of EUR 75,680,000 following a private placement.
The maturity of the loan is 10 years, due in 2033 with an early redemption option in 2029.
“Cluj County’s bond issue represents both a new stage in the process of fulfilling the issuer’s investment goals and a proof that capital market financing is increasingly attractive to a wide range of issuers, with investors becoming true partners of the issuers – in the case of Cluj County, this a partnership for building a more prosperous future. We are pleased to have been able to partner with the syndicate as well as the issuer in this endeavour and thank them for their trust”, says Olga Niță, partner at Filip & Company.
The Filip & Company team consisted mainly of Olga Niță (partner), Roxana Diaconu (senior associate), Mihnea Niculescu (senior associate) and Georgiana Lazăr (associate).
Over the last years, Filip & Company was successfully involved in many benchmark transactions on the Romanian capital market, whether they were share or bond offers, as well as in all the bond issues of the Romanin State on the external markets. The Filip & Company lawyers are ranked first in the most prestigious international directories – Chambers and Partners, Legal 500 and IFLR in the Capital Markets practice, both as a team as well as individually.