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Bulgarian regulator admits to trade Kambana Invest bond

Jun 12, 2024, 11:57:07 AMArticle by Mihaela Miteva
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June 12 (SeeNews) - Bulgaria’s Financial Supervision Commission (FSC) said it approved a prospectus for the admission to trading on a regulated market of an 18 million euro ($19.3 million) eight-year bond issued by agricultural company Kambana Invest in 2023.

Bulgarian regulator admits to trade Kambana Invest bond
Sunflower oil Source: freepik.com

The regulator entered the company and its bond into the register of public companies and other issuers of securities, the FSC said in a statement on Tuesday.

Kambana Invest issued last October 18,000 ordinary, freely transferable, secured bonds with a par value of 1,000 euro each. The placement has a floating annual coupon based on six-month EURIBOR plus 1.5%,but not lower than 3% and not higher than 6%. The bonds will mature on October 16, 2031.

Kambana Invest is active in the processing of oil crops, including sunflower and soybean, the production and trade of animal feed and vegetable oils, as well as the trade of grains, commercial register data show.

($ = 0.932 euro)

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