TBC Bank offers high 10s for AT1 debut

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By Lewis McLellan
26 Jun 2019

TBC Bank, Georgia's largest bank, is in the market for its first ever additional tier one bond, offering initial price thoughts of high 10% area.


JP Morgan, Renaissance Capital and UBS are joint lead managers and bookrunners. TBC Capital is a joint lead manager. 

The bond, a Reg S/144A perpetual note, first callable in September 2024, will be the issuer's second ever international bond. It debuted in the market two weeks ...

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