Bulgaria Financial Supervision Commission approves two IPO prospectuses and a EUR 15m Web Media Group bond admission and updates the issuer register

The Bulgaria Financial Supervision Commission (FSC) approved prospectuses for initial public offerings by Republic Holding AD and Texim Bank AD and for the admission to trading of a EUR 15 million bond issue by Web Media Group AD, and made related updates to the register of public companies and other issuers of securities. It also requested additional information in connection with a mutual fund management authorisation for Karoll Capital Management EAD and Alfa Bulgaria AD’s intended acquisition of a direct qualified participation in an investment intermediary. Republic Holding’s IPO covers up to 7,027,999 ordinary, dematerialised, registered voting shares (nominal value BGN 1; issue value BGN 2.20; ISIN BG1100059986) and Texim Bank’s IPO covers up to 7,000,000 ordinary, registered, dematerialised voting shares (nominal value BGN 1, equal to EUR 0.51; issue value BGN 3, equal to EUR 1.53; ISIN BG110000192), with both issues entered in the register as in the process of issuance. For Web Media Group, the FSC approved a prospectus covering 15,000 secured, non-convertible bonds totalling EUR 15,000,000 (ISIN BG2100022255) with a floating coupon of six-month EURIBOR plus 1.25%, subject to a 3.00% floor and 6.00% cap, payable every six months, and maturing on 23.07.2034. Separately, the FSC entered Tchaikapharma High Quality Medicines AD’s share issue for trading on a regulated market (4,100,000 shares; total BGN 4,100,000; ISIN BG1100008074) and removed from the register TBI Bank EAD’s EUR 10,000,000 bond issue structured to meet eligible liabilities requirements (ISIN BG2100042238).