December 19 (SeeNews) - The Bulgarian Stock Exchange (BSE) said that a 5 million euro ($5.3 million) bond issue of financial leasing company Elana Agrocredit [BUL:EAC] has been admitted to trading.
The securities will start trading under the symbol EACB from December 21, the BSE said in a statement on Friday.
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The final date of trading is October 8, 2027.
The indicative reference price for the first trading session is set at 100% of the nominal value.
Elana issued in September 5,000 notes with a par value of 1,000 euro each due on October 15, 2027. The notes have a floating annual coupon rate equal to six-month EURIBOR plus 3.75%. The rate, however, will not be lower than 3.75% if EURIBOR is negative. Coupon payments will be due every six months, with the exception of the first payment which will be due one month after the date of the issuance.
Elana previously said that it will use the bond proceeds to support its main business activity, which is financing agricultural land leases and working capital loan agreements.
($ = 0.94266 euro)