Fibank (First Investment Bank) Successfully Places Bonds Worth 310 Million Euros
SOFIA, Bulgaria, May 14, 2026 /PRNewswire/ — Fibank (First Investment Bank) has successfully placed two bond issues on the international capital markets totaling 310 million euros. These strategic transactions mark an important milestone in the bank’s development and represent the most significant international capital placements made by a Bulgarian bank in recent years.
The package includes a bond issue of 250 million euros aimed at meeting MREL (Minimum Requirement for Own Funds and Eligible Liabilities) standards. The strong market interest led to oversubscription with a coverage ratio of 1.5. The transaction also includes an additional issue of 60 million euros structured as a hybrid capital instrument.
Attracting significant interest from international institutional investors, the placement confirms the growing confidence of global markets in Fibank. It demonstrates the viability of the bank’s business model and its ability to attract long-term international capital in a highly competitive market environment.
“This is a strategic success for Fibank and a clear recognition from international investors of our sustainable development, consistent policy, and stable financial parameters. Executing a transaction of this size and structure sends a strong signal of confidence in Fibank, strengthening our position as a modern and competitive financial institution in global financial markets. Furthermore, this success is a testament to the entire Bulgarian banking sector and reflects the growing international confidence following Bulgaria’s integration into the eurozone,” commented Mr. Nikola Bakalov, CEO and Chairman of the Board of First Investment Bank.
The 250 million euro tranche complies with MREL regulatory criteria, while the 60 million euro tranche is structured as a hybrid instrument for the bank’s category 1 equity.
Both issues are expected to be listed on the Luxembourg Stock Exchange, a leading global platform for debt instruments.
Bank of America (BofA) acted as the lead manager for the issues, supporting the successful structuring and placement of the transactions with international institutional investors.
