September 11 (SeeNews) - Bulgaria's Financial Supervision Commission said that it has entered the seven-year 18.8 million levs ($11.0 million/9.6 million euro) convertible bond issue of local sugar producer Zaharni Zavodi [BUL:3Z9] into the register of public companies, allowing the bond to be listed for trade on a stock exchange.
The issue consists of 188,288 bonds with a nominal value of 100 levs each, the financial authority said in a statement on Monday.
The bonds carry an annual coupon of 3% with interest payments due semi-annually.
Zaharni Zavodi operates several production facilities – a sugar refinery, a confectionery plant and an ethyl alcohol distillery.
(1 euro = 1.95583 levs)