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Jun 02, 2023 14:46 EEST
June 2 (SeeNews) - Bulgaria’s Financial Supervision Commission (FSC) said it approved a prospectus for the admission to trading of a 15 million euro ($16 million) bond issued by Sofia-based Bulgarian-American Credit Bank (BACB) [BUL:BACB].
The regulator entered the bond into the register of public companies and other issuers of securities, the FSC said in a decision published on Thursday.
BACB issued in December 300 ordinary, transferable, unsecured bonds with a par value of 50,000 euro each. The placement has a maturity of seven years and is due on December 23, 2029. It bears a fixed annual coupon rate of 5.00%.
Coupon payments will be made every six months, while the principal will be repaid in one instalment on the maturity date of the issue.
The bonds have two call options - an issuer call option exercisable on the sixth year from the issue date and a call option upon disqualification of the bonds as eligible liabilities.
Shares in BACB last traded at 5.00 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.
($ = 0.9348 euro)
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