Corporate bonds
| Description | General Information | Risks |
Bonds are a form of debt securities that bring to their holders monetary income in the form of fixed or floating interest rate (coupon), according to the prospectus of the issuer. Depending on their term, corporate bonds are:
- short-term (up to one year), also called “commercial papers” which are sold at a discount from their face value and at their maturity date the issuer pays the full face value;
- medium and long term - with a maturity of over two years. Usually, the income from bonds is distributed as periodic interest (coupon) payments and on the due date of the bonds, the issuer pays the full amount of the loan. For some bonds the principal is repaid in tranches.
Depending on the issuer's the bonds are as follows:
- municipal bonds (issued by local authorities);
- corporate bonds (issued by companies);
- mortgage bonds (issued by banks based on their mortgage loans portfolios).
First Investment Bank offers:
- purchase and sale of corporate bonds traded on a regulated market (Bulgarian Stock Exchange JSC);
- purchase and sale of corporate bonds traded on the OTC market;
- purchase and sale of corporate bonds traded on foreign markets (on regulated and OTC market);
- administration of ongoing coupon payments on corporate bonds;
- administration of ongoing payments on corporate bonds principal.
Contact Phones:
Treasury:
Dimo Spasov - Director
tel. (02) 9100 106
sdimo@fibank.bg
Ivan Bonchev - Broker
tel. (02) 9100 157
invest@fibank.bg
Hristo Sugarev - Investment Consultant
tel. (02) 800 2956
hristo.sugarev@fibank.bg
