Bulgaria Financial Supervision Commission approves EUR 23.5m Future Capital Holding bond prospectus, removes Alteron REIT and Intercapital Group securities from registers, and consults on Guarantee Fund and fee rules

Bulgaria’s Financial Supervision Commission (FSC) issued a set of authorisation and capital markets decisions, including approving a board appointment at Select Asset Management and approving a prospectus for the admission to trading of Future Capital Holding AD’s bond issuance. The FSC also removed two securities issuances from its public registers and opened public consultations on proposed amendments to the Guarantee Fund’s operating rules and to the FSC’s fee ordinance. The approved bond issue by Future Capital Holding AD totals EUR 23.5m across 23,500 dematerialised registered bonds with a nominal value of EUR 1,000 each, carrying a floating rate of six-month EURIBOR plus 1.25% with a floor of 2.50% and a cap of 5.50% per annum, payable semi-annually, issued on 09.10.2025 and maturing on 09.10.2033 (ISIN BG210003225), and was entered into the register of public companies and other issuers for trading on a regulated market. The FSC wrote off Alteron REIT’s BGN 10m covered bond issue (10,000 bonds at BGN 1,000 each, ISIN BG2100030175) and removed Intercapital Group AD as a public company, along with its share issue of 3,850,000 dematerialised registered voting shares with a nominal value of EUR 0.51 each (ISIN BG1100005187). It also approved Katrin Martinova as a member of the Board of Directors of Select Asset Management EAD. Comments on the draft amendments to the Rules of Structure and Operation of the Guarantee Fund are open for 14 days, until 29.01.2026 inclusive, while feedback on the draft amendments to Ordinance No. 76 of 12.06.2025 on FSC fees is open for 30 days, until 16.02.2026 inclusive.