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We have successfully issued a EUR 20M bond on the Bulgarian market

We have successfully issued public bonds of 20 million euro (MREL eligible). The issue was oversubscribed, which allowed it to reach the highest range of the planned amount (from 10 to 20 million), making it the largest bond issued by us to date. The issue process was solely managed by our team. Legal advisor was Tsvetkova, Bebov & Partners (TBP), part of Eversheds Sutherland. 

The annual interest rate of the bonds is 9% (paid quarterly) with maturity at the end of 2026. However, the bank has the right to redeem the bonds one year earlier. 

We would like to thank all the investors for trusting us with our third-in-a-row bonds issue within 1 year. We are happy to see the rising interest from all types of investors, who recognized our efforts to offer flexible instrument and excellent value from risk-return perspective. The new bond will support our continuous above-the-market growth from a regulatory side.
Lukas Tursa
Executive Director

Over the past three years, we have established ourselves as the leader in the Bulgarian public bond market, raising a total of 50 million euros through various hybrid capital bonds. 

The bond will be listed for trading on the Bulgarian Stock Exchange in July. 

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