Announcement for a sealed-bid aucton for the sale of 1 378 goods wagons pledged in favor of Bulgarian development bank under the registered pledges act

Announcement for a sealed-bid aucton for the sale of 1 378 goods wagons pledged in favor of Bulgarian development bank under the registered pledges act

Bulgarian Development Bank AD (BDB, the Bank) is selling 1 378 goods wagons, owned by Holding BDZ, pledged in favor of BDB under the Registered Pledges Act (RPA), which are object of enforcement under RPA with entry №2016080301534 in the Central Register of Registered Pledges.

The goods wagons are divided in 1 378 lots and are being offered in their present condition.

The sale will be held via a sealed-bid auction under the terms and conditions stipulated in “Rules of auction for sale of property, pledged under the procedure of the Registered Pledges Act” with starting bidding price for each lot described in Appendix 1 to the Auction documentation. The bidding increment for each lot is 10% of the starting bidding price. Example of the calculation of the bidding increment is presented in Appendix 4 to the Auction documentation. The bidding offer cannot be lower than the starting bidding price for the respective lot.

The auction terms, description of the lots of goods wagons, subject to sale (described by number, series and location) and the starting bidding price for each lot (Appendix 1 to the Auction documentation), as well as templates of the necessary documents that the candidates should submit for participation, are available for download bellow this announcement.

Participants are required to provide a deposit amounting to 10% of the starting bidding price for the lot/s for which a bidding proposal is submitted. The deposit is payable to the bank account of the depositary under RPA: Mr. Ivan Lichev, IBAN BG 71 NASB 9620 10 10008402, BIC: NASBBGSF, held with the Bulgarian Development Bank AD.

The goods wagons, subject to sale, can be inspected until 09.08.2017, every business day, between 08:30 and 16:00 at their locations, after notification of the contact persons bellow, made 24 hours prior to the date of inspection and in compliance with the applicable safety rules.

Application for participation in the auction will be accepted at the Registry Department at Bulgarian Development Bank AD at 1 Dyakon Ignatiy Str, Sofia 1000, Bulgaria.

Only application received at the Registry Department of Bulgarian Development Bank before 16:00 on 10.08.2017 will be eligible for participation.

Received proposals for participation in the auction shall be opened and considered by a specially appointed Commission, on 11.08.2017 at BDB’s building at 1 Dyakon Ignatiy Str., Sofia 1 000, Bulgaria. The opening and consideration of the received applications by the Commission will be performed without the presence of the applicants.

The results of the auction, containing data on participants ranked first and second, shall be announced on 14.08.2017 on the websites of "Bulgarian Development Bank" (www.bbr.bg) and "Holding BDZ" EAD (www.bdz.bg). Bidders will not receive personal notification of the results, but have to keep track of such results on the websites referred to in the preceding sentence. If the participant ranked first and designated as the winning bidder does not sign a contract within the period specified in the Auction terms, or does not pay the due price, the second-ranked participant will be designated as the winning bidder. The latter will be announced on 28.08.2017 on the above mentioned websites.

Information related to the auction, as well as notification for inspection of the pledged assets can be received at:

1 Dyakon Ignatiy Str., Sofia 1000, Bulgaria

Contact persons: Dimitar Babanski, +35929306302, babanski.d@bdbank.bg

Documents:

Rules of auction for sale of property, pledged under the procedure of the Registered Pledges Act;

Appendix 1 A list of 1 378 goods wagons, divided into 1 378 lots, owned by “Holding BDZ” EAD pledged under the Law on Registered Pledges in favor of "Bulgarian Development Bank" AD to which the execution was started by entry No.2016080301534 at the Central Pledge Registry;

Appendix 2 Declaration for participation in the auction;

Appendix 3 Application form for return of the deposit for participation in the auction;

Appendix 4 A model calculation of the bid increment of the lots of wagons offered for sale for steps 1,2,3,4…;

Appendix 5 Draft sales contract