The Bulgaria Financial Supervision Commission (FSC) approved a prospectus for admission to trading on a regulated market of a bond issue by Touristinvest AD (Sofia) and entered both the issuer and the bond issue in its register of public companies and other issuers of securities for regulated-market trading. The FSC also approved Silvia Kovacheva as the person in charge of the internal audit function of PHOENIX RE PLC AD and requested additional information from Karoll Capital Management EAD in connection with a permit for the transformation of a mutual fund. The Touristinvest issue totals BGN 10,000,000 and comprises 10,000 dematerialized, registered, freely transferable, interest-bearing, unsecured, convertible, ordinary bonds with a nominal value of BGN 1,000 each (ISIN BG2100008254). The bonds carry a fixed interest rate of 7.00% simple interest per annum, with an issue date of 24 April 2025 and a maturity date of 24 April 2030.
Bulgaria Financial Supervision Commission 2025-10-07
Bulgaria Financial Supervision Commission approves Touristinvest BGN 10m bond prospectus, approves PHOENIX RE internal audit lead and seeks additional information from Karoll Capital Management
The Bulgaria Financial Supervision Commission approved a prospectus for Touristinvest AD's BGN 10 million bond issue for regulated market trading and registered the issuer and bonds. Additionally, Silvia Kovacheva was approved as head of internal audit at PHOENIX RE PLC AD, and further information was requested from Karoll Capital Management EAD regarding a mutual fund transformation permit.