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Bulgarian printing co Billboard in up to 3.2 mln euro loan deal with UBB

Bulgarian printing co Billboard in up to 3.2 mln euro loan deal with UBB UBB/All rights reserved

SOFIA (Bulgaria), December 1 (SeeNews) - Bulgarian printing and advertising company Billboard [BUL:BBRD] said it signed a contract for an investment loan of up to 6.34 million levs ($3.7 million/3.2 million euro) with United Bulgarian Bank (UBB), a member of Belgium's KBC Group.

Billboard will use the loan in order to refinance loans from state-owned Bulgarian Development Bank, it said in a bourse filing last week.

The six-year loan carries an annual interest rate equal to UBB's reference interest rate for the respective period plus 2.2 percentage points but not less than 2.2% per year.

As at 14:45 CET on Wednesday, shares in Billboard traded flat at 0.27 levs on the Sofia bourse.

(1 euro = 1.95583 levs)

United Bulgarian Bank AD is among the biggest banks in SEE, for more reference take a look at Top 100 banks
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