Compensatory instruments
| Description | General Information | Risks |
Compensatory instruments are dematerialized, registered payment means which serve to compensate people whose property, buildings or land are expropriated or nationalized. They can be traded on the regulated securities market and OTC as well. Compensatory instruments are compensatory bills and housing compensatory bills under the Law for Indemnification of Owners of Nationalized Properties, and registered compensatory bills under the Ownership and Use of Agricultural Lands Act and the Restitution of Property over Forests and Forestry Lands Act.
With compensatory instruments can be redeemed interests under the Law on Settlement of Uncollectible Credits (ZUNK), to participate in tender procedures for agricultural land from the state land fund or to make payments on privatization transactions through the Bulgarian Stock Exchange.
First Investment Bank offers:
- purchase and sale of compensatory instruments traded on the regulated market (Bulgarian Stock Exchange JSC);
- purchase and sale of compensatory instruments traded on the OTC market;
- participation in privatization procedures and payment by compensatory instruments.
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
