January 19 (SeeNews) - State-owned Bulgarian Development Bank has signed two loan agreements worth a total of 40.7 million levs ($25.3 million/20.8 million euro) with local company Sparky Rousse 2000, commercial register data shows.
The entire company has been pledged as collateral on the two loans, data entered into the commercial register last week shows.
Both loans have an interest rate equal to the 3-month EURIBOR rate plus 3 percentage points but no less than 3%.
Sparky Rousse 2000 was established in May 2020. The company has a registered capital of 10 levs and is fully owned by private individual Mihail Natskin.
(1 euro = 1.95583 levs)