Equity and Debt Financing
General Info
Equity and debt financing, as well as the registeration of corporate securities for trading on the Bulgarian Stock Exchange – Sofia provide companies with considerable advantages.
Financing opportunity
As an alternative to bank loans the capital market stands as a major source for attracting financing. Bulgarian companies have the opportunity to raise capital from Bulgarian and foreign institutional and portfolio investors.
Enhanced corporate attractiveness
Equity and debt financing increase the attractiveness of the company, its status and popularity among investors and provide access to new sources of funding.
Marketing effect
The brand name, the products and services of the company gain popularity among the general public and generate increased investor interest. The advertising effect is enhanced as a result of daily dissemination of trading information on the companies listed on the stock exchange.
Publicity and transparency
Publicity is a prerequisite for maintaining and improving financial accountability and leads to more efficient corporate governance.
Equity Financing
United Bulgarian Bank offers the following services in equity financing:
- financial consultancy and investment intermediation for initial and secondary public offerings of equity instruments and capital increases;
- investment intermediation with regard to registration of equity instruments for trading on the regulated market (Bulgarian Stock Exchange – Sofia);
- investment intermediation for tender offers and stock buybacks.
The services provided encompass the entire process of equity financing:
- market research and consultation on the structuring of the issue;
- formulating a strategy of the offering;
- analysis and valuation of the company;
- preparation of a Prospectus/ Information memorandum of the issue;
- interaction with the regulators (Financial Supervision Commission);
- interaction with the capital markets (Bulgarian Stock Exchange – Sofia and Central Depository);
- marketing and placement of the issue;
- registration of the securities with the Central Depository;
- registration of the securities and of the company with the Financial Supervision Commission;
- registration of the securities for trading on the Bulgarian Stock Exchange – Sofia.
Debt Financing
United Bulgarian Bank offers the following services in debt financing:
- structuring and management of corporate bond issues for private placement and public offering;
- registration of debt instuments for trading on the Bulgarian Stock Exchange – Sofia.
The services provided encompass the entire process of debt financing:
- market research and consultation on the structuring of the bond issue - type and volume of the issue, payments and payment frequency;
- preparation of an Information Memorandum/ Prospectus of the bond issue;
- negotiations with potential institutional investors;
- opening a retention account with UBB;
- bond issue placement;
- registration of the securities with the Central Depository;
- registration of the securities and of the company with the Financial Supervision Commission;
- registration of the securities for trading on the Bulgarian Stock Exchange – Sofia.
IPOs and privatization deals managed by UBB
Privatization | Industry | UBB | Amount |
---|---|---|---|
Bulgartabac Holding AD | Tobacco | Consultant, Broker | EUR 40.55 m (Compensatory Instruments 79 m) |
DZI | Insurance | Consultant, Broker | EUR 23.56 m (Compensatory Instruments 46 m) |
Oil and Gas Exploration and Production Plc. | Petroleum products | EUR 16.24 m | |
Bulstrad | Insurance | Consultant, Broker | EUR 2.92 m |
BTC | Telecommunication | Consultant, Broker | EUR 323.47 m |
IPO | Industry | UBB | Amount |
Svilosa AD | Paper and Cellulose | Consultant, Investment intermediary | BGN 25 m |
Corporate Commercial Bank AD | Banking-Finance | Consultant, Broker | BGN 58.5 m |
Enemona AD | Holding | Co-Manager | BGN 33.6 m |
Mekom AD | Meat-processing | Consultant, Lead Manager | BGN 5.2 m |
Agria Group AD | Holding | Consultant, Investment intermediary | BGN 15.4 m |
Infra Holding Plc. | Holding | Consultant, Lead Manager | BGN 12.6 m |
Alfa Wood Bulgaria AD | Wood-processing | Consultant, Investment intermediary | BGN 12.1 m |
Bond Issues managed by UBB
Year | Issuer | Industry | UBB | Nominal amount |
---|---|---|---|---|
2003 | Kaolin AD | Mining | Co-Manager | EUR 5 m |
2004 | Unionbank AD | Banking/ Finance | Co-Manager | EUR 10 m |
2005 | Interlease Auto AD | Leasing | Lead Manager | EUR 3 m |
2005 | Sopharma AD | Pharmacy | Lead Manager | EUR 5 m |
2005 | TC - IME AD | Real estate | Co-Manager | EUR 12 m |
2005 | Fair Play International AD | Real estate | Lead Manager | EUR 6.5m |
2006 | Balkanstroy AD | Construction/ Real estate | Lead Manager | EUR 5 m |
2006 | Farin EAD | Agriculture | Lead Manager | EUR 5 m |
2006 | B.L. Leasing AD | Leasing | Lead Manager | EUR 3 m |
2006 | Enemona AD | Construction | Lead Manager | EUR 6 m |
2006 | Erato Holding AD | Manufacturing | Lead Manager | EUR 4.5m |
2006 | Alma Tour BG AD | Tourism | Lead Manager | EUR 5 m |
2006 | Nikrom Trabna Mebel AD | Manufacturing | Lead Manager | EUR 6 m |
2007 | Kristera AD | Agriculture | Lead Manager | EUR 4.5m |
2007 | Eurolease Auto AD | Leasing | Lead Manager | EUR 5 m |
2007 | Fair Play Agrarian Fund | Agriculture | Lead Manager | EUR 5 m |
2007 | B.L.Leasing /second issue/ | Leasing | Lead Manager | EUR 3 m |
2007 | Eurolease Auto | Leasing | Lead Manager | EUR 5 m |
2008 | Hlebni Izdelia Poduiane AD | Food & Beverage Industry | Co-Manager | EUR 6 m |
2008 | Hypocredit AD | Financial services | Lead Manager | EUR 10 m |
2008 | Allianz Leasing Bulgaria | Leasing | Co-Manager | EUR 10 m |
2009 | Pazardzhik Municipality | Municipality | Lead Manager | EUR 7.5m |