BSTDB Issues a New USD Bond

BSTDB Issues a New USD Bond

News | 06-Feb-2026

The Black Sea Trade and Development Bank (BSTDB) has successfully raised USD 350 million through a new bond issuance under its EUR 2.5 billion Medium-Term Note (MTN) Program.

The bond has a three-year maturity and carries a fixed coupon of 5.625%, payable semi-annually.

The transaction was priced at 205.5 basis points over 01/05/29 US Treasury Benchmark Bond, attracting 6.7-times oversubscription over initially targeted USD 300 million size despite impressive 62.5 basis points coupon tightening from the initial guidance after the book opening.

The bond drew significant demand from institutional investors, with broad participation across Europe, the United States, Asia and the Middle East.

The proceeds of the bond will be used to support BSTDB's operations and development agenda in its member countries.

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.

Contact: Haroula Christodoulou

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