June 2 (SeeNews) - The Bulgarian Stock Exchange (BSE) said that it admitted to trading a 31 million levs ($17 million/15.8 million euro) bond issue of diversified group Holding Nov Vek [BUL:HNVK].
The securities will start trading under the code HNVB on June 6, the BSE said in a statement on Thursday. The final trading date is November 14, 2030.
The indicative reference price for the first trading session is set at 100% of the bonds' par value.
Last November, Holding Nov Vek issued 31,000 bonds with a par value of 1,000 levs each due on November 23, 2030. The bonds have a floating annual coupon rate equal to the six-month EURIBOR plus 1.50%, but no less than 4.00% and no more than 6.00%.
The company previously said that it will use the funddes raised from the sale of the bonds to finance subsidiaries, acquire financial instruments and assets to increase operating revenue, and repay debt.
Shares in Holding Nov Vek last traded on May 25 when they closed at 19.60 levs on the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)