Our investment credit rating is confirmed by BCRA

We plan to launch a new domestic bond in June

28 may 2024 #Announcement

The private bond issue with 9,5% coupon rate from December 2023 will be admitted to trading soon on the Bulgarian Stock Exchange (BSE)

We are planning to launch a new public bondoffering, targeting institutional and individual professional investors. The prospectus was already approved by the Financial Supervision Commission (FSC). The maturity of the new bond is 2,5 years (30 months), with interest payments due quarterly. The bank has the right to redeem the bonds 1 year before maturity. The start of the public offering and the whole prospectus will be announced on our website at least 7 days before the launch of the subscription.

Meanwhile, the bonds that we issued in December 2023 will be admitted to trading soon on the Bulgarian Stock Exchange (BSE). Our prospectus for secondary trading was also approved by FSC.

Due to the trust that investors have in us, we have successfully placed two bond issues in 2023, structured to meet the MREL requirements, with up to 9,5% annual interest rate. Both issues were oversubscribed, showing a high demand from different types of investors – individual professional ones and institutions like pension funds, asset managers, insurance companies, and government-owned entities.

We want to offer investors a flexible investment instrument with relatively short-term maturity and attractive returns, similar to our previous bonds. We believe that the interest rate in the Eurozone already peaked which gives a great opportunity to lock in good yield returns.

Lukas Tursa

Executive Director, tbi bank

We are the most profitable and fastest-growing bank in Bulgaria (Capital, K10, 2024). In 2023, we achieved the highest asset growth (40%) among all the banks in Bulgaria and reported a record consolidated net profit of EUR 42.4 million. This positive trend from 2023 continues during the first quarter of 2024 with a net profit of EUR 11.3 million (almost 40% higher than the same period of the last year) and a 35% YoY growth in total assets, reaching EUR 1.57 billion.

Find more information on our financial results and bond issues here.