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Tsvetkova Bebov & Partners Advises TBI Bank on Bulgaria’s First Regulatory T2 Bonds

Tsvetkova Bebov & Partners Advises TBI Bank on Bulgaria’s First Regulatory T2 Bonds

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Tsvetkova Bebov & Partners has advised TBI Bank on "the first-ever regulatory T2 bond issuance on the Bulgarian public capital markets.

"The first EUR 10 million tranche of T2 bonds (out of a total of up to EUR 30 million) "was successfully placed in July 2021 to a large number of institutional investors and was significantly oversubscribed," according to TBP. The Bulgarian National Bank approved the T2 status of the bonds in early December 2021, and the T2 bonds are trading on the Bulgarian Stock Exchange.

According to the firm, headquartered in Sofia, TBI Bank "is one of the fastest growing online lenders to individuals and SMEs in Bulgaria and Romania, and is now focused on becoming a next-generation digital lender to service customers in other markets as well."

TBP’s team was co-led by Managing Partner Nikolay Bebov and Partner Damyan Leshev and included Counsel Maria Karacholova and Senior Associate Petar Ivanov.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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