The Bulgaria Financial Supervision Commission decided not to prohibit two acquisitions of direct qualified participations in investment intermediaries, approved prospectuses for two bond issues for admission to trading on a regulated market, and authorised a new mutual fund while also approving rule changes for several pension funds. The Commission raised no ban on Alfa Bulgaria AD acquiring an 83.65% direct qualified participation in Factori AD, or on Permanent Business Consulting Ltd. acquiring 100% of DV Invest EAD. It approved First Investment Bank AD’s EUR 50,000,000 bond prospectus (ISIN BG2100023253) for 1,000 registered, dematerialised, unsecured, non-convertible bonds of EUR 50,000 each with a fixed 7.00% annual coupon and issuer call options after the third year, plus tax and disqualification calls, and entered the issue in the register of public companies and other issuers of securities. It also approved Finance Plus Management Holding AD’s EUR 10,000,000 bond prospectus (ISIN BG2100026256) for 10,000 registered, dematerialised, unsecured, non-convertible bonds of EUR 1,000 each paying 6-month EURIBOR plus 3.00%, subject to a 6.00% floor and 7.00% cap, and registered the issue. Separately, amendments were approved to the rules of organisation and operation of Universal Pension Fund Doverie, Professional Pension Fund Doverie, Voluntary Pension Fund Doverie and UBB Voluntary Pension Fund, and Karoll Capital Management EAD was permitted to organise and manage the mutual fund Advance European Infrastructure, which was entered in the register of collective investment schemes.

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