Tsvetkova Bebov & Partners, working with Herbert Smith Freehills, has advised the First Investment Bank on establishing its EUR 100 million debt issuance program and issuing two tranches of AT1-qualifying notes under it.
According to the firm, the debt issuance program is aimed at the establishment of Perpetual Non-Cumulative Additional Tier 1 Capital. Established in 1993, First Investment Bank, also known as Fibank, is a Bulgarian public company.
The Tsvetkova Bebov & Partners team included Managing Partner Nikolay Bebov, Partner Damyan Leshev, Counsel Maria Karacholova, and Senior Associate Petar Ivanov.
The Herbert Smith Freehills team included Partner Amy Geddes, Senior Associate Omar Shafi, and Associate Matthew Oliver.
Editor's Note: This article erroneously reported that the size of the debt issuance program was EUR 1 billion, rather than EUR 100 million. The text has been amended to correct the error.