Alpha Bank Romania’s €1 Billion Covered Bond

Clifford Chance advised Alpha Bank Romania in relation to the first covered bond programme established in Romania, for the amount of EUR 1 billion.

The program comes three years after the Romanian covered bond law entered into force, as a result of several years of consultations and intense work between authorities and banks assisted by Clifford Chance Badea lawyers.

Covered bonds bring several benefits for both issuers and investors – the possibility of obtaining high credit rankings and ensuring access to a large pool of potential investors (from the issuers’ point of view), more accessible investment thresholds, favourable regulatory capital treatment for credit institutions and the possibility to use this type of financial instruments as collateral for obtaining financing from central banks (for investors).

The legal team advising Alpha Bank is part of the Capital Markets practice coordinated by Madalina Rachieru, Partner, and included Radu Ropota (counsel), Georgiana Evi (associate) and Yolanda Ghita-Blujdescu (Picture).

Involved fees earner: Georgiana Evi – Clifford Chance; Yolanda-Alma Ghita-Blujdescu – Clifford Chance; Madalina Rachieru-Postolache – Clifford Chance; Radu Ropota – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Alpha Bank Romania;