Bulgarian regulator admits to trade Zenith Properties bond

The regulator has entered the bond into the register of public companies and other issuers of securities, the FSC said in a decision published on Tuesday.

Zenith Properties issued last September 11,000 ordinary, freely transferable, secured bonds with a nominal value of 1,000 euro apiece.

The bonds have a floating coupon based on six-month EURIBOR plus 1.25%, but not less than 2.25% and not more than 5% annually. Coupon payments are due semi-annually.

The placement has a maturity of nine years and is due on September 13, 2032, the regulator said.

Shares in Zenith Properties last traded at 3.24 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.

($ = 0.9308 euro)