Dentons helped CEC Bank issue €300 million in notes to meet European banking regulations.

Global law firm Dentons advised CEC Bank on updating its Medium-Term Note (MTN) Program and issuing €300 million in Senior Non-Preferred Eligible Notes. This issuance aims to meet the Minimum Requirement for Own Funds and Eligible Liabilities (MREL) set by the European Banking Authority to ensure banks can absorb losses in a resolution scenario. The update also increased the MTN Program limit to €1.5 billion, offering drawdown options in RON, EUR, and USD.

December 02, 2024
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