BRD Buys Back RON735M Bonds And Prepares EMTN

11.17.2011 By Razvan Voican

BRD-Societe Generale (BRD.RO), the second-largest bank on the local market, will on December 12 buy back RON735 million worth of bonds issued five years ago at a fixed interest rate of 7.75% per year, because it has comfortable liquidity, and in order to diversify its resources it is considering a medium-term funding program (EMTN - euro medium term notes), says Claudiu Cercel, executive vice-president in charge of financial markets.

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