Eversheds Sutherland Bulgarian member firm Tsvetkova Bebov & Partners has advised the TBI Bank on the public placement of its EUR 10 million first tranche of senior non-preferred MREL bonds due 2026.
According to the firm, the tranche is part of a total of EUR 70 million in notes maturing June 2026, which contribute to the minimum requirement for eligible liabilities of TBI Bank EAD, as set by the Bulgarian National Bank. The notes have been admitted to trading on the Bulgarian Stock Exchange on July 4, 2023.
TBI Bank is a financial technology bank operating in Bulgaria, Romania, and Greece and is part of the 4Finance group.
Back in 2021, Tsvetkova Bebov & Partners advised TBI Bank on "the first-ever regulatory T2 bond issuance on the Bulgarian public capital markets" (as reported by CEE Legal Matters on December 22, 2021).
The Eversheds Sutherland team included Managing Partner Nikolay Bebov, Partner Damyan Leshev, Counsel Maria Karacholova, and Senior Associate Petar Ivanov.
