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We have successfully issued 10-million-euro public bonds

We have successfully issued public MREL eligible bonds at the amount of 10 million euro (single nominal value of 100 000 euro each). The book was nearly 1.5 times oversubscribed, showing very wide interest from different types of investors.  

The annual interest rate of the bonds is 9% with maturity in 2026. However, the bank has the right to prematurely repay in 2025.  

The bond was already registered in the Financial Supervision Commission and the Central Depository and will be soon listed on the Bulgarian Stock Exchange for secondary trading.  

[quoteblock content=”We are happy to see such a great interest for our public bonds offering, based on the trust investors have in tbi bank. We saw interest from institutions like pension funds, asset managers, insurance companies, government owned entities and others. However, the nice surprise came from unexpectedly high demand from individual professional investors. In response to this high interest from investors we might consider during the year to tap the issue” author=”Lukas Tursa” author_position=”Executive Director” author_avatar=”https://tbibank.com/wp-content/uploads/2023/09/lukas-tursa_nobg-1200×1190.png” section_id=””][/quoteblock]

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