SOFIA (Bulgaria), October 24 (SeeNews) – The Bulgarian Stock Exchange (BSE) said on Tuesday it has received an application from the finance ministry for admission to trading of 20 issues of government securities.
The issues will trade on the regulated market of the BSE, in the Government Securities segment, the BSE said in a statement.
In May, Ivan Takev, co-CEO of the BSE, told SeeNews the stock exchange will focus its efforts on setting up a mechanism for admitting government securities to trading.
“At the moment, our rules have been submitted to the FSC and are awaiting approval,” Takev said at the time. “After receiving approval we will at least have the legal possibility to organize such a market,” he added.
From then on, the initiative will no longer be with the BSE, as the Bulgarian National Bank will need to update its IT systems in order to accommodate the requirement for the new market, he said back in May.