Micro and SME Banking / Investments /

Financial Instruments

Government Securities Shares Bonds Compensation Instruments Over-the-Counter International Markets

Government securities are debt instruments issued by the Ministry of Finance (MF) being a representative of the state, to finance short-term and long-term government expenditures. Government securities entitle their holders to receive cash revenue by discounting the price below the par value or by receiving a fixed annual interest rate. The Ministry of Finance, jointly with the Bulgarian National Bank, regulates the procedure and the conditions applied for the issue of dematerialised government securities on the internal market. Transactions in government securities are mediated by primary dealers (banks and investment intermediaries), licensed to acquire government securities directly at the auctions organised by the Bulgarian National Bank. Government securities are: treasury bonds, government securities, Bad Credit Settlement bonds and Eurobonds.

First Investment Bank offers:

  • Transactions in government securities on a primary market;
  • Transactions in government securities on a secondary market;
  • Operations related to transfers under government securities registers;
  • Opening and maintaining an investment intermediary's register;
  • Maturity of issues.

Common Documents:

  • General Conditions, applicable to contracts for investment services and activities in financial instruments with First Investment Bank customers;
  • Other documents (available at the Bank offices).

Charges and commissions are applied in accordance with the effective Tariff of the Bank.

Conclusion of contracts, giving orders, assignments or requests, as well as any other legal actions in the name and on behalf of the client made by a proxy shall be admissible only provided a notarially attested power of attorney is submitted containing representative powers for performing managerial and disposal actions with financial instruments, as well as a written statement by the proxy that he/she does not make transactions in financial instruments by occupation.

First Investment Bank, in compliance with Article 10 of the Ordinance on the Requirements to the Activities of Investment Intermediaries and in order to allow its present clients, as well as its potential clients, to make an informed investment decision, provides a description of the types and characteristics of the financial instruments offered and traded by the Bank, in its capacity as an investment intermediary, as well as the associated risks.

It should be noted that any investment in financial instruments may bring additional unexpected risks to the investors connected with potential unpredictable changes in the economic and market environment. The investor also assumes financial and other additional obligations pertaining to transactions in financial instruments, including unpredictable obligations, in addition to the costs for the particular financial instrument acquisition.

Any investment in financial instruments entails a risk of losing the entire investment.