September 4 (SeeNews) - Bulgarian wholesaler and distributor of automotive products and services Avto Union said on Friday it plans to issue a second corporate bond.
Avto Union plans to issue convertibe bonds with a five-year maturity, the company said in a statement.
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The holders of its first 7.5 million euro bond issue will vote on the proposal at a meeting on September 23, it said without elaborating further.
Earlier this year Avto Union, wholly-onwed by local finance and insurance group Eurohold Bulgaria, issued 7,500 five-year bonds with a par value of 1,000 euro each to back points of sale and dealer expansion.
($ = 0.701 euro)