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

PrivatizationIndustry UBBAmount
Bulgartabac Holding ADTobaccoConsultant, BrokerEUR 40.55 m (Compensatory Instruments 79 m)
DZIInsuranceConsultant, BrokerEUR 23.56 m (Compensatory Instruments 46 m)
Oil and Gas Exploration and Production Plc.Petroleum products EUR 16.24 m
BulstradInsuranceConsultant, BrokerEUR 2.92 m
BTCTelecommunicationConsultant, BrokerEUR 323.47 m
IPOIndustry UBBAmount
Svilosa ADPaper and CelluloseConsultant, Investment intermediary BGN 25 m
Corporate Commercial Bank ADBanking-FinanceConsultant, BrokerBGN 58.5 m
Enemona ADHoldingCo-ManagerBGN 33.6 m
Mekom ADMeat-processingConsultant, Lead ManagerBGN 5.2 m
Agria Group ADHoldingConsultant, Investment intermediaryBGN 15.4 m
Infra Holding Plc.HoldingConsultant, Lead ManagerBGN 12.6 m
Alfa Wood Bulgaria ADWood-processingConsultant, Investment intermediaryBGN 12.1 m

Bond Issues managed by UBB

YearIssuerIndustryUBBNominal amount
2003Kaolin ADMiningCo-ManagerEUR 5 m
2004Unionbank ADBanking/ FinanceCo-ManagerEUR 10 m
2005Interlease Auto ADLeasingLead ManagerEUR 3 m
2005Sopharma ADPharmacyLead ManagerEUR 5 m
2005TC - IME ADReal estateCo-ManagerEUR 12 m
2005Fair Play
International AD
Real estateLead ManagerEUR 6.5m
2006Balkanstroy ADConstruction/
Real estate
Lead ManagerEUR 5 m
2006Farin EADAgricultureLead ManagerEUR 5 m
2006B.L. Leasing ADLeasingLead ManagerEUR 3 m
2006Enemona ADConstructionLead ManagerEUR 6 m
2006Erato Holding ADManufacturingLead ManagerEUR 4.5m
2006Alma Tour BG ADTourismLead ManagerEUR 5 m
2006Nikrom Trabna
Mebel AD
ManufacturingLead ManagerEUR 6 m
2007Kristera ADAgricultureLead ManagerEUR 4.5m
2007Eurolease Auto ADLeasingLead ManagerEUR 5 m
2007Fair Play
Agrarian Fund
AgricultureLead ManagerEUR 5 m
2007B.L.Leasing
/second issue/
LeasingLead ManagerEUR 3 m
2007

Eurolease Auto
/second issue/

LeasingLead ManagerEUR 5 m
2008Hlebni Izdelia
Poduiane AD
Food & Beverage IndustryCo-ManagerEUR 6 m
2008Hypocredit ADFinancial servicesLead ManagerEUR 10 m
2008Allianz Leasing
Bulgaria
LeasingCo-ManagerEUR 10 m
2009Pazardzhik MunicipalityMunicipalityLead ManagerEUR 7.5m
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