Insurance Code approved on first reading

The Commission approved new Insurance Code on first reading. The Code shall be distributed for opinion among the interested organisations and persons. The document is published on our web site, Bulgarian version.

 

Bonds issue of Municipality of Dobrich registered

The Commission approved prospectus for secondary public offering of bonds issued by municipality of Dobrich. The bonds issue has the following characteristics :

Issuer : Municipality of Dobrich
Type of securities: ordinary, dematerialized, fully transferable, interest – bearing,  collateral bonds
Size of the issue: 2 600 bonds
Nominal value: Euro 1000  per bond
Annual interest rate : 6.86%
Term to maturity : 60 months
Payments : 10 payments

Bond issue of “ProCredit Bank” AD registered

The Commission approved prospectus for secondary public offering of bonds issued by “ProCredit Bank” AD, Sofia. The bond issue has the following characteristics :

Issuer : “ProCredit Bank” AD, Sofia
Type of securities: ordinary, dematerialized, fully transferable, interest – bearing,  mortgage bonds
Size of the issue: 10 000 bonds
Nominal value:  BGN 1000  per bond
Annual interest rate : 6.25 %
Payments : every 6 months

Share issue of “Sistemi za teleobrabotki i mrezhi” AD registered

FSC registered with its register of public companies and other issuers the following issue of securities.
Issuer: Sistemi za teleobrabotki i mrezhi AD, Veliko Tarnovo
Type of securities: ordinary, dematerialized, fully transferable shares
Size of the issue: 419 564 shares
Nominal value: BGN 1
The share issue is a result of the increase of the company’s capital.

New public company – Bulstrad AD

FSC registered with its register of public companies and other issuers the following company and its issue of securities
Issuer: Bulstrad AD, Sofia
Type of securities: ordinary, dematerialized, fully transferable shares
Size of the issue: 1 410 000 shares
Nominal value: BGN 10

Three new insurance brokers

The Deputy Chairman of FSC, head of Insurance Supervision Commission issued license to operate as an insurance broker to the following companies – “Black Sea Brokers” EOOD, “Glo Brokers” EOOD and “Fox” EOOD. 
 

New public company registered – Kaliakra Hotels AD

FSC registered with its register of public companies and other issuers the following company and its issue of securities :
Issuer: Kaliakra Hotels AD, Kavarna
Value of the issue: BGN  1 744 352
Type of securities: ordinary, dematerialized, fully transferable shares
Size of the issue: 436 088 shares
Nominal value: BGN 4

New public company registered – Riga Hotels AD

FSC registered with its register of public companies and other issuers the following company and its issue of securities :
Issuer: Riga Hotels AD, Rousse
Type of securities: ordinary, dematerialized, fully transferable shares
Size of the issue: 69 923 shares
Nominal value: BGN 1