正如预期，中合银行 (Central Cooperative Bank) MREL 债券 IPO 定于 4 月底进行。预计拍卖竞标利率在 6.5% 至 7.25% 之间，发行成功的最低认购门槛为 15,000,000 欧元。该债券期限为 4 年，附带可行使的赎回期权。
Based on current market conditions, we expect the final coupon to settle at 7%, in line with the TBI Bank bond IPO in 2025, which saw bids between 6.5% and 7.5% and ultimately priced at 7%. As the 6th largest bank in Bulgaria, CCB benefits from strong local positioning, and as one of the few predominantly Bulgarian-owned banks, it continues to receive institutional support.
中合银行债券 IPO 已纳入我们的收购策略，我们预计将认购至少 500,000 欧元，以进一步强化我们的投资组合。
2026 年索非亚商业 IPO
此外，另一份 IPO 招股说明书已获金融监管委员会批准。索非亚商业典当行 (Sofia Commerce Pawn Brokers) 是保加利亚领先的典当经纪商，据报告其在过去 12 个月中增长了约 30%，巩固了其市场地位。
索非亚商业计划发行具有以下特征的债券：
- 8% 年票息
- 2033 年到期
- 每半年支付一次票息
目标总筹资额约为 250 万欧元。
保加利亚 AIF 拟参与认购，分配金额约为 50,000 欧元。
These assets further enhance the Bulgaria AIF Fund portfolio, adding additional diversification. Bulgaria AIF is not a typical Bulgaria Golden Visa fund—it operates as a market-driven fund, offering flexible and accessible entry, along with attractive returns.
