The Bulgaria Financial Supervision Commission approved prospectuses for the admission to trading on a regulated market of bond issues by Airfoil 1 EAD, Erfoil 1 EAD and Aktiv Properties REIT, and made related entries in the register of public companies and other issuers of securities. The Commission also issued governance approvals, removed instruments and intermediaries from registers, and sought additional information in an ongoing fit and proper assessment. Airfoil 1 EAD’s EUR 2,500,000 issue comprises 2,500 dematerialized, registered, unsecured, non-convertible bonds (ISIN BG2100024244) with a floating annual interest rate of 6-month EURIBOR plus 2.00% subject to a 4.00% floor and 7.50% cap, issued 20.05.2024 and maturing 20.05.2027. Erfoil 1 EAD’s BGN 10,000,000 issue comprises 10,000 dematerialized, registered, secured, non-convertible bonds (ISIN BG2100052245) bearing a fixed 7.50% annual interest rate, issued 21.11.2024 and maturing 21.11.2030. Aktiv Properties REIT’s EUR 12,000,000 issue comprises 12,000 dematerialized, registered, secured, non-convertible bonds (ISIN BG2100007256) with a floating rate of 6-month EURIBOR plus 1.00% subject to a 3.00% floor and 5.00% cap, payable semi-annually, issued 29.04.2025 and maturing 29.04.2032. Separately, the Commission approved Nikolay Ivanov as an independent member of the Supervisory Board of Barents Insurance EAD and approved a member of the Management Board of PAC Doverie AD, wrote off Solar Logistic AD’s covered bond issue (25,000 bonds of BGN 1,000 each, ISIN BG2100002190) from the securities register, deleted ELEHOME AD from the register of insurance brokers, and requested additional information and documents from Invest Fund Management AD in connection with approving a member of its Board of Directors.
Bulgaria Financial Supervision Commission 2025-08-06
Bulgaria Financial Supervision Commission approves three bond prospectuses and updates securities and insurance registers
The Bulgaria Financial Supervision Commission approved prospectuses for bond issues by Airfoil 1 EAD, Erfoil 1 EAD, and Aktiv Properties REIT for trading on a regulated market. It issued governance approvals, removed certain instruments and intermediaries from registers, and requested further information for an ongoing fit and proper assessment. Key bond details include Airfoil 1 EAD's EUR 2.5M issue with a floating rate, Erfoil 1 EAD's BGN 10M issue with a fixed rate, and Aktiv Properties REIT's EUR 12M issue with a floating rate.