tbi bank has successfully issued its largest bond issuance

tbi bank successfully issued public bonds worth EUR 20 million (structured to meet the requirements for instruments of eligible liabilities (MREL). Increasing orders over the issuance were registered, which allowed it to reach the upper limit of the originally planned amount (from EUR 10 to 20 million) and thus become the largest bond issue ever issued by tbi bank.

The annual interest rate of the bonds is 9% (interest is paid quarterly), and they mature in 2026. The bank has the right to pay them off one year before that date.

We would like to thank all investors for trusting us with our third bond issuance within a year. We are happy to see increased interest from all types of investors, who appreciated our efforts to offer them a flexible instrument and an excellent opportunity in terms of risk-return ratio," says Lukas Tursa, CEO of tbi bank.

He adds that the new bonds will support the bank's constant growth above market levels and strengthen its regulatory position.

Over the past three years, tbi bank has established itself as a leader in the Bulgarian public bond market, raising a total of EUR 50 million through various types of corporate bonds.

The latest bond issuance will be placed for trading on the Bulgarian Stock Exchange in July of this year.

Translated by Tzvetozar Vincent Iolov