BT and the bonds that nurture the economy

An investor from London or Singapore who buys a Banca Transilvania bond today indirectly funds a solar panel on a rooftop in Romania. This is the mechanism through which the bank has raised nearly 1.5 billion euros equivalent from 2023 until now through three sustainability-labelled bond issuances. The money was not just paper profit: it was converted into loans for SMEs, green buildings, and renewable energy, and its impact can now be measured in figures. BT secures capital from international markets. It channels it, with priority, into the real economy, and the result is visible in economic output, jobs, and taxes paid to the state budget. The beginning was in December 2023, when Banca Transilvania launched its first sustainable bond issuance: 500 million euros, with a 7.25% coupon and a 2028 maturity, listed on Euronext Dublin. Demand confirmed the interest: over 1.65 billion euros in the order book, from 108 institutional investors across 21 countries.

September 2024 brought the second tranche, amounting to 700 million euros, with a 5.125% coupon and a 2030 maturity. Demand exceeded the issued value by more than three times, reaching 2.5 billion euros, and 131 institutional investors from 28 countries participated in the transaction. Over 64% of them had ESG (Environmental, Social, and Governance) objectives in their own investment policies. The third issuance, in July 2025, shifted gears: 1.5 billion lei, the first local currency sustainable bond in the Romanian banking system and the largest issuance of this type on the local market. It was listed on the Bucharest Stock Exchange, with an 8.875% coupon and a seven-year maturity. Nearly half of the subscriptions came from Romanian institutional investors, a sign that the local capital market has gained enough maturity to absorb a transaction of this scale on its own.

The three issuances total the equivalent of nearly €1.5 billion, money raised from the capital markets and directed, through the BT Group Sustainable Financing Framework, toward projects with a measurable impact on the real economy.