March 25 (SeeNews) - Bulgaria's Financial Supervision Commission said that it has approved the prospectus of local TBI Bank for the public offering of a ten-year 25 million euro ($27.1 million) bond issue on the Bulgarian Stock Exchange.
The issue comprises 25,000 bonds with a par value of 1,000 euro each, the financial regulator said in a statement on Tuesday.
The issue's coupon will be determined by TBI Bank at a later stage, according to the regulator.
TBI Bank is among the smallest banks in Bulgaria, as it ranked 17th by assets at the end of January, according to the most recent central bank data.
($ = 0.9236 euro)
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