TBC Bank Group PLC

TBCG

GB00BYT18307

Banks

Market Closed - London S.E. Other stock markets 11:35:03 2024-05-23 am EDT			5-day change	1st Jan Change
2,720 ^GBX	-0.37%		+7.51%	-3.89%

May. 17	Georgia Capital ramps up buybacks amid significant cash flow progress	AN
May. 13	TBC Bank announces results of tender offer	AN

TBC Bank announces results of tender offer

May 13, 2024 at 01:44 pm EDT

TBC Bank Group PLC - Tbilisi, Georgia-based bank - Announces the results of the offer to purchase its 5.75% notes due 2024. Offer made by its subsidiary, JSC TBC Bank. Says a total US98.5 million outstanding notes had been validly tendered on closure. In addition, buys further USD3.2 million notes through private transactions agreed during the tender offer.

Current stock price: 2,985.00 pence

12-month change: up 25%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	TBC BANK GROUP PLC	2,720 GBX	-0.37%	+7.51%	1.88B
	TBC	892 KRW	-0.45%	-0.22%	62.01M

Latest news about TBC Bank Group PLC

Georgia Capital ramps up buybacks amid significant cash flow progress	May. 17	AN
TBC Bank announces results of tender offer	May. 13	AN
TBC Bank Group Unit Closes Tender Offer for Outstanding Notes Due 2024	May. 13	MT
Transcript : TBC Bank Group PLC, Q1 2024 Earnings Call, May 10, 2024	May. 10
FTSE 100 hits record high on BoE vote, UK GDP	May. 10	AN
TBC Bank announces buyback following strong first quarter	May. 10	AN
Stocks buoyed by dovish BoE hold and UK GDP growth	May. 10	AN
TBC Bank Group to Launch GEL75 Million Share Buyback	May. 10	MT
TBC Bank Group Logs Higher Q1 Attributable Profit, Net Interest Income	May. 10	MT
FTSE 100 called up on BoE hold and UK economic growth	May. 10	AN
TBC Bank Group PLC Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 10	CI
TBC Bank prices new USD300 million 10.25% capital notes	Apr. 24	AN
TBC Bank Group Unit Prices $300 Million Additional Tier 1 Capital Notes	Apr. 24	MT
TBC Bank Group Unit Launches Tender Offer for $300 Million Notes	Apr. 15	MT
TBC Bank subsidiary launches tender of USD300 million notes	Apr. 15	AN
TBC Bank says Tkhelidze has sold GBP800,000 in shares	Apr. 02	AN
Transcript : TBC Bank Group PLC - Special Call	Mar. 21
TBC Bank reports share sale by JSC executive officers	Mar. 21	AN
The FTSE 100 Closed Up 1.5% as NatWest Posts Biggest Profit Since 2007	Feb. 16	DJ
Transcript : TBC Bank Group PLC, Q4 2023 Earnings Call, Feb 16, 2024	Feb. 16
TBC Bank celebrates Georgia's EU step forward as annual profit climbs	Feb. 16	AN
TBC Bank Posts Higher FY23 Attributable Profit	Feb. 16	MT
NatWest beats on profit and confirms Thwaite as CEO	Feb. 16	AN
Earnings Flash (TBCG.L) TBC BANK GROUP Posts FY23 EPS GEL20.58	Feb. 16	MT
TBC Bank Group PLC Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 16	CI

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Company Profile

TBC Bank Group PLC is a United Kingdom-based parent company of JSC TBC Bank (TBC Bank) and a group of companies that principally operate in Georgia in the financial sector. The Company offers non-financial services via TNET LLC, the digital ecosystem in Georgia. It has operations in Uzbekistan by operating retail digital financial services in the country. TBC Bank, together with its subsidiaries, is a universal banking group in Georgia. Its segments include Georgian financial services (GFS), Uzbekistan and Other. GFS segment includes three business sub segments: Corporate and investment banking; Retail, and Micro, small and medium enterprises. Uzbekistan segment includes TBC Bank Uzbekistan with respective subsidiaries and Payme (Inspired LLC). Its other financial services include TBC Insurance, TBC Pay and TBC Leasing. TBC Insurance is a provider of retail non-health insurance. TBC Pay offers convenient payments solutions to customers via its wide network of self-service terminals.

Sector

Banks

Calendar

2024-08-08 - Q2 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

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Mean consensus

BUY

Number of Analysts

Last Close Price

94.25 GEL

Average target price

133.5 GEL

Spread / Average Target

+41.62%

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TBC Bank Group PLC

Equities

TBCG

GB00BYT18307

Banks

TBC Bank announces results of tender offer

Stocks mentioned in the article

Latest news about TBC Bank Group PLC

Chart TBC Bank Group PLC

Company Profile

Income Statement Evolution

Ratings for TBC Bank Group PLC

Analysts' Consensus

EPS Revisions

Annual profits - Rate of surprise

Sector Other Banks