Issuance of Bonds by TB AI Bank EAD Sofia
The Financial Supervision Commission has registered an issuance of bonds by TB AI Bank EAD Sofia in the register of public companies and other issuers of securities for trading on a regulated market. The issuance consists of 200 interest-bearing, registered, non-cash, non-convertible, senior, non-privileged, unsecured, freely transferable bonds. The securities are structured to meet the requirements for instruments of acceptable obligations as defined in Chapter XIII, Section II of the Recovery and Restructuring Act.
Investment Opportunities in Bond Issuance
Looking for a secure investment opportunity in the financial market? Consider investing in bonds issued by credit institutions and investment intermediaries. Bonds are available with a nominal value of 100,000 euros each, identified by the ISIN code BG2100021240.
These bonds offer a fixed interest rate for the entire bond period, paid quarterly from the issuance date. The interest rate is determined based on market conditions within a specified range. The principal amount is paid in full on the maturity date.
The bond issuance period is 30 months, starting from June 24, 2024 – the registration date of the issuance in the securities register maintained by the “Цен” Authority.
Tralen Depository Bonds
Tralen Depository AD is considering issuing bonds with a maturity of up to 12 months from the approval date by the Financial Supervision Commission. The initial proposed size of the bond issuance will be below the maximum limit, set between 8.75% and 9%. The issuer will have the right to exercise a call option one year before the maturity of the bonds, a call option in case of disqualification of the bonds as acceptable obligations, and a tax call option.
This flexibility in the bond issuance process allows Tralen Depository AD to adapt to market conditions and investor demand, ensuring a successful and profitable bond offering. Investors can benefit from the attractive terms and conditions of these bonds, which offer a competitive interest rate and potential for additional returns.
