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.
Broker’s license revoked
The Commission revoked the broker’s license of Lyubomir Peynovsky.
A recovery program of an investment intermediary approved
The Commission approved a recovery program of investment intermediary Zlaten Lev Brokeri OOD, Sofia.
New insurance broker – Euroins OOD
The Deputy Chairman of FSC, head of Insurance Supervision Commission issued license to operate as an insurance broker to company Euroins OOD.
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.
New public company registered – Bulgarski Bergman EAD, Gurchinovo
FSC registered with its register of public companies and other issuers the following company and its issue of securities
Issuer: Bulgarski Bergman EAD, Gurchinovo
Type of securities: ordinary, dematerialized, fully transferable shares
Size of the issue: 53 940 shares
Nominal value: BGN 1
Change of the subject of activity of an investment intermediary approved
The Commission approved the request for a change in the subject of activity submitted by investment intermediary “Accept Invest” AD. According the approved change the investment intermediary shall carry out its activity including transactions in securities, portfolio management and custodian services, only on the account of a third party.
New ordinance approved
The Commission approved an Ordinance on keeping and maintaining the FSC’s registers