The Bulgaria Financial Supervision Commission approved prospectuses enabling admission to trading on a regulated market for bond issues by Balkan Property Instruments REIT and Retail Management AD, and a share issue by Tiz Invest AD. It also entered the relevant issuers and securities in the register of public companies and other securities issuers for the purpose of regulated-market trading. Balkan Property Instruments REIT’s bond issue totals BGN 2,000,000 (2,000 dematerialised registered bonds; ISIN BG2100020242), is unsecured and non-convertible, and pays a floating coupon of six-month EURIBOR plus 2.00% subject to a 3.50% floor and 6.50% cap, with semi-annual payments and maturity on 30 April 2029. Retail Management AD’s bond issue totals BGN 25,000,000 (25,000 dematerialised registered bonds; ISIN BG2100012249), is secured and non-convertible, and pays six-month EURIBOR plus 1.75% subject to a 3.00% floor and 6.00% cap, maturing on 8 April 2031; the FSC registered Retail Management AD as an issuer alongside the issue. For Tiz Invest AD, the FSC approved a corrected prospectus for a share issue of BGN 13,765,620 (1,376,562 dematerialised registered voting shares with nominal value BGN 10; ISIN BG1100018248) and registered the issuer as a public company and the shares for trading. Separately, the FSC approved three members of the board of directors of Bravo Property Fund REIT, approved new articles of association for Bulgarian Investment Group REIT, and added Point 375 EOOD and Finance Vision EOOD to the register of bound agents. It also set the total and individual annual contributions for 2025 to the Investment Intermediary Resolution Fund, and requested additional information from Karoll Capital Management EAD regarding the public offering in Germany of units in the mutual fund Advance Opportunities in New Europe and from Intercapital Markets AD in connection with a board-approval process.

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