Bulgarian public companies can now raise capital to fund their projects from investors on the Warsaw Stock Exchange. The new opportunity for local companies – to attract Polish investors’ interest – is a result of a cooperation agreement in the field of custodian services between the Polish Central Depository (Krajowy Depozyt Papierów Wartościowych S.A.) and UniCredit Bulbank.

“Many Bulgarian companies have expressed interest in the Warsaw Stock Exchange. Opening of the link with Bulgaria is the first step enabling their listing on the WSE. New foreign listings will allow WSE investors to diversify their investment portfolios. KDPW supports corporate actions of foreign issuers, for instance dividend payments,” said CEO Iwona Sroka.

“The secondary effect from the listing on a foreign market of a public company stocks is usually expressed in increased liquidity of the shares on the local stock exchange.”, UCB’s Head of Global Transactions Division Mladen Zapryanov said.

He underscored that the agreement was signed as a result of concerted efforts of the two organizations’ teams that have led to the successful outcome.

In January, for a fifth year in a row, UniCredit Bulbank was selected as “Best Custody Bank in Bulgaria for 2009” in categories “Local Customer” and “Leading Customers” of Global Custodian international magazine, which is specialized in servicing trade in financial instruments.