Fibank successfully closed a record international placement for a Bulgarian bank, raising a total of €310 million in two bond issues

SOFIA, Bulgaria, May 14, 2026 /PRNewswire/ — Fibank (First Investment Bank) has successfully placed two bond issues on the international capital markets for a total value of 310 million euros. These are strategic transactions that represent an important step in the development of the bank and constitute the most significant international capital investments made by a Bulgarian bank in recent years.

 

 

The package includes a bond issue of 250 million euros intended to meet MREL (Minimum Requirement for Own Funds and Eligible Liabilities) standards. Spurred by strong market interest, the order book was largely oversubscribed, with a coverage ratio of 1.5. The transaction also includes an additional issuance of €60 million structured as a hybrid capital instrument.

Made with significant interest from international institutional investors, the placement confirms the growing confidence of global markets in Fibank. It highlights the viability of the bank’s business model, as well as its ability to obtain 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, our coherent policy and our stable financial parameters. Executing a transaction of this scale and structure sends a strong signal of confidence to Fibank, consolidating our position as a modern and competitive financial institution in global financial markets. Furthermore, this success is a testimony for 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 Directors of First Investment Bank.

The €250 million tranche complies with MREL regulatory criteria, while the €60 million tranche is structured as a hybrid instrument for the bank’s Tier 1 capital.

Both issues are expected to be admitted to trading on the Luxembourg Stock Exchange, a leading global platform for debt instruments.

Bank of America (BofA) acted as lead manager for the issuances, supporting the successful structuring and placement of the transactions to international institutional investors.