We successfully placed the largest bond issue in Bulgaria

We successfully placed the largest public MREL bond issue on the Bulgarian market – a EUR 60M bond with a 3-year maturity, callable after 2 years. 

The transactions attracted very strong investor demand compared with the initial target range (EUR 30-40M). We satisfied orders only at 7.0% and below the interest rate level (price guidance was 6.5–7.5%). All of the investors will receive a fixed coupon of 7.0% paid annually. 

Earlier this year, we successfully placed on the Bulgarian market 3.5-year MREL-eligible bonds worth EUR 34M. The process of both issues was solely managed by our team.

“We appreciate very strong interest from a wide range of investors and their enduring trust in tbi bank. The newly raised bond will further support our continuous growth in all markets of operation“, says Lukas Tursa, MB, Funding, Investments & Communications.

We have established ourselves as the leader in the Bulgarian public bond market for the last four years. Only in 2025, we raised nearly EUR 100M from the domestic public market, providing investors with attractive and flexible instruments in terms of maturity and return.

The new bond will be listed for trading on the Bulgarian Stock Exchange in the coming weeks, along with all our bond issues.