{"url":"https://newsforagent.com/news/2026-11-10/bigbank-subordinated-bond-offering","markdown_url":"https://newsforagent.com/news/2026-11-10/bigbank-subordinated-bond-offering.md","title":"Bigbank Offers €15 Million Subordinated Bonds at 6.5%","headline":"Bigbank Opens €15 Million Unsecured Subordinated Bond Offering to Baltic Investors","description":"Bigbank is offering up to €15 million of unsecured subordinated bonds at 6.5% interest to retail and institutional investors in Estonia.","section":"Funding","published_at":"2026-11-10T06:49:07+00:00","modified_at":"2026-11-10T06:49:07+00:00","author":"News Desk","key_takeaways":["Bigbank is offering up to 15,000 unsecured subordinated bonds with a face value of €1,000 each, aiming to raise up to €15 million.","The bonds carry a fixed interest rate of 6.5% per annum, with the first interest payment due on 15 March 2027.","The subscription period runs from 10 November 2026 at 10:00 to 20 November 2026 at 15:30 Tallinn time.","Bigbank may increase the offering to as many as 25,000 bonds, or €25 million, in the event of oversubscription."],"companies":[{"name":"Bigbank","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00008du/bigbank","website":"https://www.bigbank.ee"}],"source":{"publisher":"GlobeNewswire","title":"Bigbank AS-i tagamata allutatud võlakirjade avaliku pakkumise teade","url":"https://www.globenewswire.com/news-release/2026/11/10/3399139/0/et/bigbank-as-i-tagamata-allutatud-v%C3%B5lakirjade-avaliku-pakkumise-teade.html"},"other_sources":[],"tags":["Funding","Bigbank"],"body_markdown":"[Bigbank](https://akta.pro/company-profiles/00008du/bigbank) AS is offering up to €15 million of unsecured subordinated bonds with a face value of €1,000 each and a fixed interest rate of 6.5% per annum, the bank said in a [GlobeNewswire](https://www.globenewswire.com/news-release/2026/11/10/3399139/0/et/bigbank-as-i-tagamata-allutatud-v%C3%B5lakirjade-avaliku-pakkumise-teade.html) announcement. The offering is open to retail and professional investors in Estonia, Latvia and Lithuania.\n\n## Bigbank's Bond Terms and Subscription Window\n\nThe bonds are issued under Bigbank's unsecured subordinated bond programme, in which the bank can raise up to €80 million in total. The offering covers up to 15,000 bonds, and Bigbank may increase the number by up to 10,000 bonds to a total of 25,000, or €25 million, if the offering is oversubscribed. The bonds mature on 26 November 2036 and carry the designation \"EUR 6.50 BIGBANK ALLUTATUD VÕLAKIRI 26-2036\".\n\nInterest accrues from 26 November 2026 on a 30-day month and 360-day year basis, with payments scheduled for 15 March, 15 June, 15 September and 15 December. The first interest payment falls on 15 March 2027. The bonds are registered in the Estonian securities register maintained by the Nasdaq CSD Estonian branch under ISIN code EE0000005510.\n\nThe subscription period opens on 10 November 2026 at 10:00 and closes on 20 November 2026 at 15:30 Tallinn time. In allocating the bonds, Bigbank reserves the right, but not the obligation, to favour clients who held a current account in their own name at Bigbank as of 18 November 2026. Where mathematically possible, each retail investor will receive at least two bonds with a total face value of €2,000.\n\nBigbank describes the subordinated bonds as its unsecured debt obligation to the investor. In a liquidation or bankruptcy, claims under the subordinated bonds are satisfied only after all non-subordinated recognised claims have been met in full, and holders must account for the risk of write-down or conversion of liabilities and claims.\n\n## Bigbank's Funding History on Record\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Bigbank has three debt funding rounds on record, with total funding of $33.9 million and the most recent round dated 19 June 2025.\n\n| Date | Type | Amount |\n| --- | --- | --- |\n| November 2023 | Debt-funded | $23.7 million |\n| October 2024 | Debt-funded | $3.3 million |\n| June 2025 | Debt-funded | $6.9 million |\n\n## Bigbank's Loan and Deposit Growth Before the Offering\n\nBigbank reported a record loan portfolio of 3.0 billion euros, up 23% year on year, and a deposit portfolio of 3.2 billion euros, up 21% year on year, with net profit of 10.0 million euros for the second quarter of 2026, a 12% increase from the second quarter of 2025, GlobeNewswire reported in July 2026. In July 2026, the bank's loan portfolio increased by 112 million euros and deposits rose by 230 million euros, GlobeNewswire reported in August 2026.\n\n## Bigbank's Indicative Offering Schedule\n\nBigbank expects to publish the results of the offering on or around 23 November 2026 and to settle the offering on or around 26 November 2026. The bank has applied to Nasdaq Tallinn for admission of all bonds issued in the offering to trading on the Baltic bond list, with an expected first trading day on or around 27 November 2026.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}