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Tsvetkova Bebov & Partners Advises TBI Bank on EUR 10 Million MREL Bond Placement

Tsvetkova Bebov & Partners Advises TBI Bank on EUR 10 Million MREL Bond Placement

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Eversheds Sutherland Bulgarian member firm Tsvetkova Bebov & Partners has advised the TBI Bank on the public placement of its EUR 10 million first tranche of senior non-preferred MREL bonds due 2026.

According to the firm, the tranche is part of a total of EUR 70 million in notes maturing June 2026, which contribute to the minimum requirement for eligible liabilities of TBI Bank EAD, as set by the Bulgarian National Bank. The notes have been admitted to trading on the Bulgarian Stock Exchange on July 4, 2023.

TBI Bank is a financial technology bank operating in Bulgaria, Romania, and Greece and is part of the 4Finance group.

Back in 2021, Tsvetkova Bebov & Partners advised TBI Bank on "the first-ever regulatory T2 bond issuance on the Bulgarian public capital markets" (as reported by CEE Legal Matters on December 22, 2021).

The Eversheds Sutherland team included Managing Partner Nikolay Bebov, Partner Damyan Leshev, 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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