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.