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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

Bulgaria
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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.

Eversheds Sutherland at a Glance

Eversheds Sutherland with offices in Bratislava and Prague and as part of an international network, provides comprehensive legal advice also in foreign jurisdictions.

Our team consists of a total of more than 40 lawyers in the Czech Republic and Slovakia, most of whom have previously worked at major international and local law firms and have extensive experience in particular in the areas of corporate law, including mergers and acquisitions, capital markets, real estate, employment law, competition law, litigation and arbitration, energy, infrastructure, as well as environmental and ESG law.

Our advisory services are offered in Slovak, German, Czech and English language. Members of our team include attorneys registered with the Austrian Bar Association. On this basis, and because we are part of Eversheds Sutherland, we are also able to offer extensive legal support on various foreign legal issues.

We listen to our clients, we understand their business and we also understand what they need. So we can always find the best solution for the particular situation. We work quickly, efficiently and take responsibility for our work.

Firm's website.