June 7 (SeeNews) - Bulgaria’s Financial Supervision Commission (FSC) said it approved a prospectus for admission to trading of a 25 million levs ($13.9 million/12.8 million euro) bond issued by local real estate investment company Campus Property Development.
The regulator entered the company and bond into the register of public companies and other issuers of securities, the FSC said in its decision published on Thursday.
Campus Property Development issued in January 25,000 ordinary, secured, nonconvertible bonds with a nominal value of 1,000 levs apiece. The bonds carry a floating coupon based on six-month EURIBOR plus 1%, but not less than 3% and not more than 6% annually. Coupon payments are due semi-annually.
The placement has a maturity of eight years and is due on January 26, 2032, the regulator said.
(1 euro = 1.95583 levs)