May 8 (SeeNews) - Bulgarian hotel operator Azalia I [BUL:1AZA] said on Friday that it has extended the maturity of its 4.75 million euro ($5.15 million) bond issue by two years to December 2025.
The bond's principal will be repaid in five equal annual installments of 950,000 euro starting from December 2021, Azalia I said in a bourse filing.
The issue comprises 6,000 bonds and carries an annual coupon of 4.5%. The bonds were placed in 2012 and in 2015 their due date was pushed back to December 2022 from December 2019.
Azalia I is a wholly-owned unit of hotel operator Sv. Sv. Konstantin i Elena Holding [BUL:3NJ], which in turn is part of diversified group Holding Varna [BUL:5V2].
($ = 0.9220 euro)