On December 23rd 2022 The Bulgarian-American Credit Bank (BACB) issued an unsecured bonds issue in the amount of EUR 15,000,000, ISIN BG2100022222 for fulfillment of the requirements for equity and eligible liabilities in compliance to art. 69a of the Recovery and Resolution of Credit Institutions and Investment Firms Act (RRCIIFA)

BACB will use the funds raised in its lending activities and to provide credit growth, including for the financing of green projects, green industries and technologies, for investments in Bulgarian government bonds and government bonds of other investment-grade Member States of the European Union, to replenish general liquidity needs, as well as to ensure compliance with the equity and eligible liabilities requirements under art. 69 (1) of RRCIIFA

The initial sale of the bonds was made under the terms and conditions of an offer for which the publication of a prospectus is not required, pursuant to art. 205 (2) of the Commercial Act (not under the conditions of public offering) to a limited number of persons: under 150 (one hundred and fifty) persons - a predetermined group of investors.

The bonds issue was issued under the following conditions and parameters:

• Type of bonds – ordinary, interest-bearing, book-entry (registered in the central register of securities with Central Depository AD), registered, freely transferable, unsecured, non-convertible bonds
• Amount – EUR 15,000,000
• Maturity – 84 (eighty-four) months of the date of the issuing
• Interest Rate and Payment of the Interest – fixed interest rate in the amount of 5.00%, payable by six-month coupon payments, calculated on the grounds of simple interest rate for the respective six-month periods on the face/outstanding value of each bond, with interest convention Actual/365L (ISMA – Year, Actual/Actual)
• Repayment of Principal – the repayment of the principal amount of the issue shall be made in installment in EUR on the maturity date of the bonds issue
• Unsecured nature of the bonds issue - The bonds are unsecured, accordingly the claims of the bondholders for principal and/or interest are not secured, are not subject to a guarantee or other agreement which increases the rank of the claims. The Bonds are not guaranteed by the Bank Deposit Insurance Fund under the Bank Deposit Insurance Act /https://www.dif.bg/bg/
• Status and Special Provisions on the bonds - The bonds are issued to satisfy equity and eligible liabilities requirements in accordance with the provisions of the Recovery and Resolution of Credit Institutions and Investment Firms Act.

BACB will take all necessary actions to register the bonds issue for trading on the "Standard Equities Segment" of the BSE Main Market organized by the Bulgarian Stock Exchange - Sofia within no later than 6 (six) months from the issue date.

Notification