TBC Bank (GB:TBCG) has released an update.
TBC Bank Group PLC’s subsidiary, JSC TBC Bank, has successfully placed US$300 million in high-yield Perpetual Subordinated Callable Additional Tier 1 Capital Notes, aimed at bolstering the bank’s capital base and funding growth. The offering drew significant interest from institutional investors, particularly in the EU, UK, and the US, reflecting confidence in the bank’s financial health. The notes are set to be listed on the Euronext Dublin and carry a Moody’s rating of B2.
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