Fibank Secures €310 Million in Record-Breaking Bond Placement

Fibank has achieved a significant breakthrough by raising €310 million through two bond issues on the international capital markets. This marks the most substantial international capital placement by a Bulgarian bank in recent years. The first bond, valued at €250 million, aligns with MREL standards, attracting strong market interest, leading to a bid-to-cover ratio of 1.5. Additionally, a €60 million hybrid capital instrument was issued, bolstering Fibank's Tier 1 capital.

This strategic achievement highlights growing confidence in Fibank among international investors, emphasizing the sustainability and competitiveness of its business model. The bonds are set for trading on the Luxembourg Stock Exchange, signifying a strong trust signal to global markets and a testament to Bulgaria's banking sector confidence post-eurozone integration.

Bank of America played a pivotal role as lead manager, ensuring the successful transaction. Fibank's position as a major domestic bank is reinforced by this international success, supported by robust capital and liquidity, exceeding regulatory needs.