March 19 (SeeNews) - Bulgarian arms producer Arcus said that it has fully redeemed its 10 million euro ($12.3 million) bond on March 1.
As a result, the bond issue has been delisted from the Bulgarian Stock Exchange, according to a statement posted on the website of Arcus.
Arcus issued the seven-year bond in 2011. The issue carried an annual coupon of 8.5%, with coupon payments due semi-annually.
Arcus, based in the town of Lyaskovets, in northern Bulgaria, produces ammunition, fuses for artillery and tank ammunition, mortar bombs and air bombs, grenade launchers and small arms like pistols and revolvers.
($ = 0.8142 euro)