The company plans to issue up to 200,000 unsecured, convertible bonds with a par value of 100 levs each, equal to their issue price, the FSC said in a notice on Thursday.
The issue will have a maturity of five years and will bear a floating coupon equal to the six-month EURIBOR plus 2.00%, but not lower than 2.00% and not higher than 6.00%. Coupon payments will be due semi-annually.
The regulator entered the bonds subject to an IPO into the register of public companies and other issuers of securities, it said.
The funds raised from the offering will be allocated to debt restructuring within the group, including providing liquidity for settling bank debt and other liabilities, Doverie United Holding said earlier. In addition, the proceeds will go towards extending a loan to the group's member Doverie-Invest, which controls Moldovan lender Moldindconbank.
As of 1345 CET on Friday, shares in Doverie traded 0.45% lower at 8.86 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)