ПО НЯКОИ ВЪПРОСИ ЗА ЗАСТРАХОВКА НА ЕМИСИЯ ОБЛИГАЦИИ, ИЗДАДЕНИ В УСЛОВИЯТА НА ПЪРВИЧНО ПУБЛИЧНО ПРЕДЛАГАНЕ
ON CERTAIN MATTERS RELATING TO THE INSURANCE OF A BOND ISSUED UNDER INITIAL PUBLIC OFFERING CONDITIONS

Summary/Abstract: Insurance on an issue of primary issued book-entry bonds can provide protection to bondholders against the risk of the issuer defaulting on a monetary obligation. Bulgarian national legislation does not explicitly provide for this method of security, but it is permissible in accordance with the application of the principle of freedom of contract. This paper examines the possibilities that this insurance contract should provide to bondholders in order to make the bond issue more attractive to investors in Bulgaria through the prism of the national and European legal framework. The insurance product also has the function of helping to enhance the credit rating of the bond issue. A consequence would be to facilitate the issuer in its task to raise funds through the bond market.

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