The minimum return rate for the universal and occupational pension funds has been determined

The Deputy Chairman of FSC, Head of  Social Insurance Supervision Division  Bisser Petkov determined the minimum return rate of 7.46% on annual basis  for  the management of the assets of universal pension funds for the preceding 24-months period (01/04/2002 – 31/03/2004). The minimum return rate for the management of the assets of occupational  pension funds for the same period is 6.88% on annual basis.

Issue of convertible bonds registered with FSC

FSC has registered with its register of public companies and other issuers the following issues of securities :
Issuer: Industrial Holding Bulgaria, Sofia
Type of securities: convertible, dematerialized, interest-bearing, fully transferable bonds
Size of the issue: 5 250 808  mortgage bonds
Term to Maturity: 36 months
Annual interest rate: 6% on annual basis
Interest payments: every six months

Share issue of “TBI BAC – Property“ registered with the Commission

FSC registered with its register of public companies and other issuers the following issue of securities:
Issuer: Special Investment Purposes Company “TBI BAC – Property“ 
Type of securities: ordinary, dematerialized, fully transferable shares
Size of the issue: 150 000 shares
Nominal value: BGN 1 each

The initial public offering of the described issue has been successfully completed. The issue will be traded on the stock exchange.

New ordinance adopted

 

The Commission adopted an Ordinance on the methods and procedures for licensing actuaries of pension insurance companies and managed by them  supplementary pension insurance funds.