Clifford Chance advised Postbank on Bulgaria's first covered bond issuance

Global law firm Clifford Chance advised Postbank (Eurobank Bulgaria AD) on its inaugural issuance of €500 million Floating Rate Mortgage Bonds due 2032. The Bonds are the first covered bonds issued under the Bulgarian Covered Bonds Act, which implements Directive (EU) 2019/2162.

The Bonds have been admitted to trading on the Euro MTF Market and are listed on the official list of the Luxembourg Stock Exchange.

The Clifford Chance team advising Postbank was led by Paul Deakins (Partner), Matt Fairclough (Partner) and Nigel Leong (Senior Associate).