Funding profile
- The Black Sea Trade & Development Bank (BSTDB) has to date funded itself from a combination of bilateral and syndicated loans, bond issuance and a Euro Commercial Paper program;
- BSTDB benefits from funding facilities provided by other development institutions, including: KfW (Germany), the Nordic Investment Bank, Proparco (France) and the Development Bank of Austria;
- June 2020 - BSTDB increased to Euro 2 billion Euro Medium Term Note programme;
- May 2015 - BSTDB established a EUR 1 billion Euro Medium Term Note programme;
- April 2012 - BSTDB established a EUR 1 billion Euro Commercial Paper programme.
The Bank currently has the following bonds and private placements outstanding:
- EUR 100 million private placement – October 2020 - October 2030. Coupon 1.25%. MTN Programme.
- CZK 900 million private placement – August 2020 -August 2023. Floating at 3m Pribor + 105bps
- USD 150 million tap of 3.50% notes due June 2024 and 92.4 million USD switch tender offer of the notes due 2021
- RON 450 million private placement – May 2020 – May 2022. Coupon 4.7%. MTN Programme
- CHF 200 million bond issued in November 2019, with a coupon of 0.45%, maturing in June 2023
- AZN 10 million bond issued in August 2019, with a coupon of 9.25%, maturing in August 2021
- USD 400 million bond – June 2019 – June 2024 – Coupon 3.5%. MTN Programme
- RON 210 million private placement – February 2019 – February 2022. Coupon 4.9%. MTN Programme
- RON 144.5 million private placement – December 2018 – December 2021. Coupon 4.9%. MTN Programme.
- RON 38 million private placement – October 2018 – October 2021. Coupon 5.125%. MTN Programme.
- GEL 120 million, domestic public bond issue – June 2018 – June 2021. Floating coupon rate NBG 3 month CD rate.
- GEL 50 million, domestic public bond issue – June 2018 – June 2023. Floating coupon rate NBG 3 month CD rate.
- GEL 25 million, domestic private placement – March 2018 – March 2021 Floating coupon rate NBG 3 month CD rate.
- GEL 60 million, domestic private placement - August 2016 – July 2021. Floating coupon rate NBG 3 month CD rate.
- USD 500 million bond - April, 2016 – April 2021. Coupon 4.875%. MTN Programme.