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BANCA TRANSILVANIA S.A. - TLV

Determination of the interest rate for the first interest period - bonds 2018

Release Date: 6/27/2018 2:27:40 PM

IRIS Code: C50ED

CURRENT REPORT in accordance with Law 24/2017 on issuers and market operations and FSA Regulation no. 5/2018 on issuers and market operations

Date: 27.06.2018

BANCA TRANSILVANIA S.A. CLUJ-NAPOCA

 

Headquarters:                                                                      Cluj-Napoca, 8 G. Baritiu Street

Telephone/fax number:                                                  0264/407150/407179

Registry of Commerce registration number:        J12/4155/1993

Individual identification number:                             5022670

Subscribed and paid-up capital:                                 RON 4,341,439,404

Legal Stock Market:                                                         Bucharest Stock Exchange

 

1.      Important events to report:

a)  Change of control of the company – not applicable.

b)   Acquisition or substantial transaction of assets – not applicable.

c)    Insolvency procedure – not applicable.

d)   Other events: determination of the interest rate for the first interest period of the bonds issued on 26 June 2018

 

 

The Company hereby informs the investors that the interest rate for the first interest period (i.e., 28 June 2018 – 27 December 2018), which is due 28 December 2018, as calculated according to the prospectus approved by the Financial Supervisory Authority under no. 751 dated 20 June 2018 and published on 21 June 2018 (the “Prospectus) is 3.75%.

According to the Prospectus, the interest rate is calculated as EURIBOR6M + 3.75%, where EURIBOR6M means the higher of nil (i.e. zero) and:

(i)   the 6-month offered rate for deposits in EUR, as displayed on the Reference Page on the relevant Interest Determination Date, as of 13:00 Bucharest time (i.e., -0.27% as of 26 June 2018); or

(ii)  if the rate set out at item (i) above is not available, the rate established by the Issuer as an average of the interest rates for EUR, for a period of six months, as published by three main local banks on the corresponding Thompson Reuters page or another page or service, if Thompson Reuters is not available, on the relevant Interest Determination Date (i.e., 26 June 2018), as of 13:00 Bucharest time.

 

 

CHIEF EXECUTIVE OFFICER              CHIEF GOVERNANCE OFFICER

OMER TETIK                                                IOANA OLANESCU

 



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