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Eversheds Sutherland Advises on Second TBI Bank EUR 10 Million Issuance of MREL Notes

Eversheds Sutherland Advises on Second TBI Bank EUR 10 Million Issuance of MREL Notes

Bulgaria
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Eversheds Sutherland Bulgarian member firm Tsvetkova Bebov & Partners acted as the single transaction counsel on TBI Bank's December 15, 2023, private placement of MREL notes maturing 2026, with a total value of EUR 10 million.

The notes are the second series of MREL instruments and follow the bank's June 2023 first EUR 10 million tranche of senior non-preferred MREL bonds due 2026 (reported by CEE Legal Matters on July 26, 2023).

According to Eversheds Sutherland, "the notes contribute to the minimum requirement for eligible liabilities of TBI Bank, as set by the Bulgarian National Bank in its capacity of resolution authority."

TBI Bank is a financial technology bank operating in Bulgaria, Romania, and Greece.

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.