Bulgarian regulator admits to trading Sila Holding's bond

The bond issue has been entered into the register of public companies and other issuers of securities, the Financial Supervision Commission (FSC) said in its decision published on Tuesday.

In July, Sila Holding issued 28,000 ordinary, freely transferable, secured bonds with a par value of 1,000 levs apiece. The bonds bear a floating annual coupon rate equal to the six-month EURIBOR plus 1%, but not lower than 2.75% and not higher than 5.00%.

The bond is due on July 28, 2032.

The funds raised from the initial private offering will go towards acquiring stakes in other companies, restructuring shareholdings and liabilities and increasing Sila Holding's financial assets, the company said earlier.

Shares in Sila Holding last traded on October 31 when they closed at 2.94 levs on the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)