January 20 (SeeNews) - Bulgaria's Financial Supervision Commission (FSC) said it refused to approve a corrected prospectus of local healthcare company Blocks Group for admission to trading of a 30.2 million euro ($32.7 million) bond issue on the stock exchange in Sofia.
The decision relates to a prospectus submitted on September 28, 2021, the financial regulator said in a statement on Thursday.
Blocks Group sent the corrected document to FSC after the regulator identified deficiencies and information discrepancies in the original prospectus. The commission, however, was not satisfied with the corrections and again required the removal of the deficiencies. After a number of term extensions, the company did not provide a fully revised prospectus and the required corrected and supplementary information by the latest deadline of December 12, 2022, the regulator said.
Blocks Group issued the ten-year bond in April 2021. The issue consists of 30,200 securities with a nominal value of 1,000 euro each.
The company specialises in rehabilitation and care for the elderly.
($ = 0.9229 euro)