Eversheds Sutherland Advises TBI Bank on EUR 60 Million Three-Year MREL Bond Issuance

"Eversheds Sutherland's Bulgarian member firm Tsvetkova Bebov & Partners advised TBI Bank on the placement of EUR 60 million in three‑year MREL bonds on 7 November 2025. The notes, to be listed on the Bulgarian Stock Exchange, qualify toward the bank's MREL requirement set by the Bulgarian National Bank."

Eversheds Sutherland's Bulgarian member firm Tsvetkova Bebov & Partners advised TBI Bank on the placement of its fifth series of minimum requirement for own funds and eligible liabilities (MREL) notes. The bank placed EUR 60 million in three‑year MREL bonds on 7 November 2025. This issuance is the largest MREL offering on the Bulgarian market in 2025. The notes will be listed on the Bulgarian Stock Exchange and qualify toward TBI Bank’s minimum requirement for eligible liabilities as set by the Bulgarian National Bank. Eversheds Sutherland has advised TBI Bank on a sequence of MREL issuances in recent years, including EUR 34 million notes and listing earlier in 2025, the EUR 20 million issuance in 2024, a EUR 10 million issuance in 2024, and the bank's first EUR 10 million preferred MREL bond issuance in 2023. Eversheds Sutherland Tsvetkova Bebov & Partners represented TBI Bank with a team composed by: Managing Partner Nikolay Bebov, Partner Damyan Leshev, Counsel Maria Karacholova, and Senior Associate Petar Ivanov.

Eversheds Sutherland Advises TBI Bank on EUR 60 Million Three-Year MREL Bond Issuance

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads