News from issuers of financial instruments admitted to trading on BSE-Sofia

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01-11-2017 - Information by BSE-Sofia (Press release by BSE-Sofia)

As of today, 1 November 2017, the trade in government securities on the regulated market begins. It is a result of the joint efforts of Bulgarian Stock Exchange - Sofia, the Central Depository, the Ministry of Finance and the Bulgarian National Bank (BNB) to create a regulated secondary market for government debt within the markets organised by BSE-Sofia. Trading in government securities is another measure implemented within the Capital Market Development Strategy in Bulgaria.
The BSE-Sofia trading session started with a special opening bell ceremony attended by Ms Marinela Petrova, Deputy Minister of Finance, Mr Asen Yagodin, Chairman of BSE-Sofia Board of Directors, Ms Nina Stoyanova, BNB Deputy Governor, Mr Vasil Golemanski, CEO of BSE-Sofia, and representatives of the members of the Exchange.
Twenty government securities issues are to be traded on the BSE Main Market as of today.
In order to increase the interest in the Government Bonds market, Bulgarian Stock Exchange - Sofia and the Central Depository exempt their members from fees for trading in the said instruments, as long as the members themselves do not charge their clients accordingly.
All other Exchange members will be charged a fee of 0.01% of the value of the trade executed, but not less than BGN 2 (excluding VAT) for each trading day.
Thirteen investment intermediaries and banks have already responded to the new initiative and will not charge their customers for trading in government securities. These are Balkan Investment Company, Benchmark Finance, Elana Trading, Kapman, Karol, First Financial Brokerage House, Real Finance, Yug Market, Investbank, Texim Bank, Tokuda Bank, Central Cooperative Bank and Eurobank Bulgaria.
The initiative is open and each of the other members of the Exchange and the Central Depository can join until 30 September 2018.