he Deputy Chairman of the FSC, Head of Social Insurance Division set the minimum return rate of the supplementary pension funds for the period from 01.01.2003 to 31.12.2004. The minimum return rate is 6.62% for the occupational pension funds and 6.73% for the universal pension funds. For the 2-year period from 01.01.2003 to 31.12.2004 mandatory pension funds had a higher than the minimum announced return rate. Neither of the funds had more than the average weighted return rate limit at which a reserve is set aside in the pension fund to guarantee the minimum profitability
FSC’s decisions from its meeting held on January 12, 2005
FSC’s decisions from its meeting held on January 12, 2005:
1.The FSC approved the publishing of the following tender offer :
– Company, object of the offer: Kaliakra AD, Town of Dobrich
– Offeror: Sereol Holding B.V., Holland
– Authorized investment intermediary: Raiffeisen Bank
– Offered price per share: BGN 47.45
2. Adopted Instructions on submitting the necessary documents for issuance of approvals, licenses, affirmations and periodical disclosure.
“Dunav Turs” AD, City of Russe, is deleted from the FSC register of public companies and other issuers
Dimana Rankova, The Deputy Chairman of FSC, Head of Investment Supervision Division, has taken the decision for deletion of “Dunav Turs” AD, City of Russe from the public register of FSC.
The Financial Supervision Commission took the following decision at its meeting held on December, 29 2004.
The Commission approved prospectus for secondary public offering of bonds issued by “Autobohemia” AD, Sofia. The bonds issue has the following characteristics :Issuer: “Autobohemia” AD, SofiaType of securities: ordinary, interest – bearing, unsecured, inconvertible bonds Size of the issue: 2000 bondsNominal value: Euro 1000 per bondAnnual interest rate : 6 months EURIBOR + 1.75% on annual baseTerm to maturity : 60 months Payments : 10 payments
The Commission approved prospectus for secondary public offering of bonds issued by Texim AD, Sofia. The bonds issue has the following characteristics:
Issuer: Texim AD
Type of securities: ordinary, registered, dematerialized, fully transferable, interest – bearing, secured bonds
Size of the issue: 2 000 bonds
Nominal value: Euro 1000 per bond
Annual interest rate: 7 %
Term to maturity: 36 months
Payments: 6 payments
The Commission approved prospectus for secondary public offering of bonds issued by “ProCredit Bank” AD, Sofia. The bonds issue has the following characteristics:
Issuer: “ProCredit Bank” AD, Sofia
Type of securities: ordinary, interest – bearing, registered, dematerialized, fully transferable, unsecured bonds
Size of the issue: 5 000 bonds
Nominal value: Euro 1000 per bond
Annual interest rate: 6.45 %
Term to maturity: 36 months
Payments: 6 payments
The FSC issued a license to “ERG Capital – 1” for operation as a company with special investment purposes: securitization of property
FSC registered with its register of public companies and other issuers the following company and its issue of securities
Issuer: ERG Capital – 1
Type of securities: ordinary, registered, dematerialized, fully transferable, voting shares
Size of the issue: 1 000 000 shares
Nominal value per share: 1 BGN
Issue value per share: 1.50 BGN
FSC approved a prospectus for initial public offering of shares issued by investment company “OBB Balanced Fund” AD, Sofia. The share issue has the following characteristics:
Issuer: “OBB Balanced Fund” AD, Sofia
Type of securities: dematerialized, unprivileged shares entitling its owner to one vote, right to dividend, right to liquidation share and right to reverse takeover issued by the open-ended investment company “KD Pelican” AD
FSC registers with its register of public companies and other issuers the following issues of securities:
Issuer: Central Cooperative Bank, Sofia
Type of securities: ordinary, registered, dematerialized, fully transferable, voting shares
Size of the issue: 16 168 564 shares
Nominal and issue value: 1 BGN each
Prospectus for initial public offering of shares issued by investment company “KD Pelican” has been approved
FSC approved a prospectus for initial public offering of shares issued by investment company “KD Pelican” AD. The share issue has the following characteristics:
Issuer: “KD Pelican” AD
Type of securities: dematerialized, unprivileged shares entitling its owner to one vote, right to dividend, right to liquidation share and right to reverse takeover issued by the open-ended investment company “KD Pelican” AD