BCR Finance Sells EUR30M 3-Year Bonds In Luxembourg

05.02.2011 By Florentina Dragu

BCR Finance, the financial arm of Romania’s top lender Banca Comerciala Romana (BCR), Monday issued three-year bonds worth EUR30 million on the Luxembourg stock exchange.

The issue carries a coupon of 4.25% a year and was brokered by the Luxembourg-based branch of BNP Paribas.

In 2009, BCR has approved a medium term notes program worth EUR3 billion.

BCR is majority owned by Austria's Erste AG.