Allianz Bank Bulgaria has commenced trading its EUR 50 million bonds on the Bulgarian Stock Exchange. The bonds, issued in December 2024, were offered to institutional and professional investors with the assistance of Karoll Investment Intermediary. These four-year bonds offer an annual interest rate of 6%.
The bank intends to use the funds raised to meet additional capital requirements and support the growth of its loan portfolio, particularly focusing on small and medium-sized enterprises.
Lyuba Pavlova, CEO of Allianz Bank Bulgaria, stated, "The successful placement of Allianz Bank Bulgaria's bond issue is a clear indication of our stable financial strategy and highlights our commitment to promoting sustainable growth and supporting the backbone of the economy, namely the small and medium-sized enterprises. It also reflects the strong trust investors have in Allianz Bank Bulgaria."
Assoc. Prof. Manyu Moravenov, CEO of the Bulgarian Stock Exchange, remarked on the event: "The issued bonds are proof that the Bulgarian Stock Exchange and the capital market have sufficient depth to capitalise large companies like yours in addition to the support we provide for small and medium-sized enterprises."
Angel Rabadzhiyski, CEO of Karoll Investment Intermediary, commented: "This is the largest corporate issue in the capital market and a testament to the good development of the Exchange, investors, and the entire sector."
Photos from this event can be viewed at https://shorturl.at/2Ij3l.