TBC Bank offers high 10s for AT1 debut

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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