Dentons has advised the CEC Bank on raising EUR 162.6 million through a tap of its senior non-preferred MREL-eligible notes due February 2028. Clifford Chance advised the underwriting banks. The CEC Bank mandated Citigroup, Erste Group, and Raiffeisen Bank International as joint bookrunners and Raiffeisen Romania as co-manager on the bond issuance. The bonds will be listed on the Luxembourg Stock Exchange and the Bucharest Stock Exchange. According to Dentons, the placement brings the aggregate size of the tapped issue to EUR 281.9 million, with total drawdowns under CEC Bank's EUR 600 million EMTN program now amounting to EUR 414 million.